The UK Hydrogen and Fuel Cell Association (UK HFCA) and the Canadian Hydrogen and Fuel Cell Association (CHFCA) have today (January 26) revealed they have signed a Memorandum of Understanding (MoU), establishing a “partner relationship.”
H2 View understands the Associations aim to build a platform for exchange and collaboration to provide broad market benefits, with hopes of jointly promoting deployment efforts between the UK and Canada in hydrogen energy and fuel cell technology.
Over the next three years, the organisations have said they will work together to promote collaboration between the two countries, to explore mutually beneficial hydrogen and fuel cell technology, industry exchange and development.
The partnership also plans to explore common technology barriers to the production, distribution, storage, and use of hydrogen, as well as facilitating trade missions, conferences, exhibitions, workshops, webinars, and meetings.
Additionally, the UK HFCA and CHFCA have said its members will establish regular communication to exchange market intelligence and to identify various areas of potential collaboration between the UK and Canada.
“We’re delighted to be able to further strengthen our relationship with our colleagues in Canada to help the UK establish a thriving hydrogen economy in the UK by 2030,” said Celia Greaves, CEO of the UK HFCA. “Our members are looking forward to working together as part of this collaboration to build momentum in the crucial journey to Net Zero.”
This month (January 13), a review of the UK’s Net Zero strategy concluded that the UK could be a global leader in hydrogen, saying the energy carrier will play a “vital role” in the future energy mix, and presents a “significant economic opportunity” but that the country must move quickly to implement policy and regulation or risk losing out.
Read more: UK Net Zero Review: UK could be global leader in hydrogen but risks losing out
Ivette Vera-Perez, President and CEO of the CHFCA, commented, “Canada’s hydrogen and fuel cell sector looks forward to working with our partners in the UK to advance hydrogen energy and spur government-industry engagement.
“Hydrogen is essential to decarbonising Canada and the UK’s transportation, industrial processing, and steel sectors while providing an economical and efficient choice for our citizens and industry.”
Last November (2022), the Canadian Government revealed it would be launching a consultation on how best to implement tax credits to support investments in clean hydrogen production, mirroring the US’ Inflation Reduction Act.
Read more: Canada looks to introduce tax credits to support clean hydrogen investments
Under its initial plans, the investment tax credit is expected to be refundable and available for ‘eligible investments’ made as of the day of Budget 2023. Set to be phased out by 2030, the lowest tier that meets all eligibility requirements is proposed to received tax credits of at least 40%.
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