EverWind Gets Approval For North America's First Green Hydrogen Facility

EverWind Fuels has become the first green hydrogen producer in North America to secure the necessary permits for a commercial-scale facility on Tuesday. Reuters reports: Provincial authorities in Canada granted environmental approval for EverWind to begin converting a former oil storage facility and marine terminal at Point Tupper in Nova Scotia into a green hydrogen and ammonia production hub. [...] EverWind expects the project's first phase, producing and exporting 200,000 tonnes per annum, to be online in 2025, before ramping up to 1 million tonnes per annum the following year. The company has agreements with German energy firms E.ON and Uniper to acquire the production. "To get the permit is a big deal," said Vichie, who co-founded Stonepeak Infrastructure Partners and also worked at Blackstone. The green hydrogen produced by EverWind's facility will be combined with nitrogen and converted into ammonia before being shipped, in liquid form, in tankers to Germany, where it can be retained as ammonia or turned back into green hydrogen. Production during the facility's first phase will be powered using wind and solar assets to be built nearby, Vichie said. The company in December leased 137,000 acres (55,440 hectares) which will eventually site turbines generating 2 gigawatts of wind energy, that will power production in its second, larger phase. "This provides an amazing green growth path for Atlantic Canada, where they have some of the world's best wind resources," Vichie said. The overall cost of the project is expected to be around $6 billion. Three banks are helping arrange debt funding, while Vichie's family office is providing equity capital, he said. In other hydrogen-related news, the Federal Aviation Administration (FAA) granted Universal Hydrogen approval to fly its 40+ passenger hydrogen electric plane.

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