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EverWind's Leading Canadian Green Hydrogen and Ammonia Project Will Generate Substantial Economic & Structural Benefits, Major Study FindsHALIFAX, NS, Feb. 15, 2024 /CNW/ - EverWind Fuels ("EverWind"), a pioneering developer of an Atlantic Canadian green fuels hub based across Nova Scotia & Newfoundland & Labrador, today announced the release of EverWind's Economic Impact Assessment on its Nova Scotia based green hydrogen and ammonia project ("Nova Scotia Project"). The Economic Impact Assessment, which was supported by Deloitte Canada, found significant economic and environmental benefits from EverWind's Nova Scotia Project, including the full green energy production cycle from renewable power generation (wind & solar) to green hydrogen-to-ammonia production. Economic contribution that will arise during the construction period for Phase 1 of EverWind's Nova Scotia Project were estimated to be:
Economic contribution during operations (post-construction) for Phase 1 of EverWind's Nova Scotia Project were estimated to be:
The study finds that the first phase of production may break the chicken-and-egg problem of hydrogen supply and demand and establishes further phases of growth and sustainability of project operations. Future phases of the project, which include additional onshore and offshore wind development, are set up to generate further economic benefits to Canada and Nova Scotia. Additional Resources: Recognition of the Mi'kmaw & their Ancestral Territory About EverWind Fuels EverWind is North America's leading independent green hydrogen developer. EverWind received the first Environmental Approval in North America for a large-scale green hydrogen project, and is well progressed in design, engineering, and development for the first phase of both its green energy generation projects and the production facility which will convert this energy into green hydrogen and green ammonia. EverWind owns and operates the deepest ice-free berth on the East Coast of North America, with world class access to rail, roads, and pipelines. Our safety-first culture, evidenced through 18 years without a lost time injury, reflects a highly skilled and extensively certified workforce. EverWind has three First Nations equity partners and is a champion for meaningful engagement with Rightsholders and the advancement of social and economic reconciliation. At a local level, the Company works closely with municipalities and stakeholder organizations. EverWind is led by Trent Vichie, a co-founder of Stonepeak Infrastructure Partners, and a former Blackstone Partner. EverWind's development team consists of over 20 members who have previously held senior positions at various infrastructure, private equity, renewable power, engineering, and utility companies. EverWind is also supported by a world-class advisory team including Black & Veatch, ILF, RES, Strum Environmental, McInnes Cooper, King & Spalding, McKinsey, Morgan Stanley, CIBC, and Citi. SOURCE EverWind Fuels Company |