US EditionIf Newfoundland hydrogen companies pivot, government says it will collect royalties
- The Newfoundland and Labrador government plans to collect royalties from its renewable energy industry, despite a lagging market for green hydrogen, according to Steve Crocker, the minister of industry, energy and technology.
- Six companies have reserved Crown land for green hydrogen projects in the province, though not all are current on their fees owed to the government, as reported by The Canadian Press.
- Executives at an energy conference stated they are considering wind-energy projects due to challenges in securing buyer agreements for green hydrogen products.
- Crocker expressed optimism about the wind-to-hydrogen sector, indicating that interest remains strong as the government prepares for discussions on royalties.
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Total News Sources20
Leaning Left12Leaning Right0Center2Last UpdatedBias Distribution86% Left
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14%
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