Green Hydrogen International (GHI) has announced Spirit of Nova Scotia, its second giga-scale green hydrogen development in the Canadian province.

When fully expanded to 500GW, Spirit of Scotia will be able to produce over 43bn KG of hydrogen per year, equivalent to over 450TWh of energy.

The project centres on a series of hydrogen storage facilities the company is planning in the salt formations that lie beneath.

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.

European countries are in urgent need of large-scale, secure, low-cost energy sources like green hydrogen and as the recent cooperation agreement signed between Prime Minister Justin Trudeau and German Chancellor Olaf Scholz makes clear, Canada has an outsized role to play in helping Europe meet their energy needs and reduce reliance on Russian natural gas.

Read more:  Canada and Germany Hydrogen Alliance targets first exports by 2025

With abundant offshore wind resources, plentiful storage grade salt formations, and easy access to large European energy markets, Nova Scotia is well suited for large scale green hydrogen production.

The declining cost curve of offshore wind power and falling electrolyser 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.

The project 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.

GHI Founder and CEO Brian Maxwell, 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.”

GHI Board member and former McKinsey senior partner Andy Steinhubl added, “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 intends to bring together a consortium of developers, companies, and local community and First Nations groups to help advance the project.

Maxwell added, “This will be one of the largest deployments of capital in Canadian history and an enormously bold undertaking, so we’re excited to work with a broad group of stakeholders to make it happen.”

Maxwell believes the Spirit of Scotia Green Hydrogen Hub will create significant opportunity for Nova Scotians.

EverWind Fuels also has Nova Scotia clearly in its sights.

Its project will look to incorporate green hydrogen and ammonia production, storage facilities and transportation assets to expand the Point Tupper site into a regional green hydrogen hub for Eastern Canada.

Read more:  Regional green hydrogen hub set to be developed in Nova Scotia