Green Hydrogen International (GHI) has announced its second giga-scale green hydrogen development in Nova Scotia, Canada.
The project centres on a series of hydrogen storage facilities the company is planning in the salt formations that lie beneath the province.
Underground salt storage is a critical lynchpin of large-scale green hydrogen production, allowing for significantly lower production costs and the ability to guarantee delivery to customers.
GHI has acquired extensive mineral exploration licenses across Nova Scotia in most of the known storage-grade salt formations in the province.
With abundant offshore wind resources, excellent storage grade salt formations, and easy access to large European energy markets, Nova Scotia is one of the best places in the world for large-scale green hydrogen production. The declining cost curve of offshore wind power and falling electrolyzer prices means large-scale production of green fuels will soon be cost-competitive with hydrocarbons, allowing Nova Scotia to become a major global player in clean energy production.
When fully expanded to 500 GW in size, Spirit of Scotia will be able to produce over 43 billion KG of H2 per year, equivalent to over 450 TWh of energy. This could power 73% of Germany’s electricity needs and is comparable in energy terms to the amount Qatar exports in natural gas every year.
GHI intends to work with the Canadian and Nova Scotian Governments, The Mi’kmaq People, and local communities around the province to develop the project and help build a green hydrogen future in a sustainable way.
Brian Maxwell, GHI Founder and CEO, said, “The massive wind resource available offshore Nova Scotia, combined with the significant salt formations suitable for H2 storage, means Nova Scotia will be one of the best places in the world to produce green hydrogen.”
Andy Steinhubl, the GHI Board member, said, “Salt storage is an advantaged solution for solving the intermittency problem of renewable power, as well as enabling giga-cost economies of scale, and providing ratable offtake projects. GHI is building a global portfolio of these projects, and Nova Scotia is a top priority for the company.”