HTEC receives government funding

HTEC receives government funding

Hydrogen Technology & Energy Corporation (HTEC) has been boosted by $875,000 worth of Canadian government funding to develop and commercialise a next generation hydrogen fuel delivery system.

Canada’s Minister of Innovation, Science and Economic Development, the Honourable Navdeep Bains, responsible for Western Economic Diversification Canada (WD), announced the investment during a visit to HTEC last Friday (9th August).

“Across Canada, innovative companies are developing solutions to today’s biggest challenges, like climate change, and creating the jobs of the future,” Bains said.

“By supporting dynamic companies in promising sectors across British Columbia, our government is helping turn today’s challenges into opportunities, and create the kinds of jobs that will secure a bright future for our children.”

With the support of the WD funding, HTEC will develop and commercialise its next-generation PowerCube hydrogen distribution module.

The PC65 is a flexible fuel-supply solution that can deliver high-pressure hydrogen to retail hydrogen fuelling stations or act as a stand-alone fuelling solution in heavy-duty transportation applications.

This investment will allow the company to refine its existing PowerCube technology to support recently announced projects in Edmonton and the Port of Los Angeles; maintain a competitive advantage as the hydrogen fuel cell electric vehicle (FCEV) market develops; and generate increased employment opportunities, revenue growth, and export sales.

“HTEC is grateful for WD’s investment in support of our ongoing efforts to reduce the cost and complexity of distributing hydrogen,” said Colin Armstrong, President and CEO of HTEC.

“With the PC65 system, we can deliver high-pressure hydrogen where and how it’s needed, in larger volumes than more conventional distribution systems like tube trailers.”

“Fewer deliveries mean reduced fuel costs for our customers, and reduced greenhouse gas and particulate emissions associated with transportation of the hydrogen itself.”

In the coming years, hydrogen-powered cars, trucks, and buses will grow in popularity to meet zero-emission vehicle and climate change goals.

HTEC’s mission is to harness hydrogen’s potential to reduce pollution and climate change by building hydrogen supply stations to support this developing industry.

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