We established a strategic alliance agreement with Toronto Hydro as our primary client, to develop a dual 2.5-megawatt microsystem. This initiative offers several key advantages, including the utilization of local electricity and water sources, and the ability to sell clean electricity directly back to the grid, thereby minimizing transportation risks associated with hydrogen.

 

This innovative model will operate within a regulated utility framework, facilitating cost recovery along with a utility rate of return throughout the project's duration. Furthermore, our vision extends beyond this initial undertaking; we aim to replicate this business model across other local distribution companies (LDCs) in Ontario, thereby creating a comprehensive portfolio of hydrogen energy and storage projects within a 36-month timeframe. To realize this vision, we are seeking an investment of $650 million, to be funded through a combination of private and public equity and loans.

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For more information, please see the Financial Structure Page.