We're in a very fortunate position in our part of Alberta, particularly the Edmonton region. We provide the vast majority of Alberta's hydrogen that's being produced. Alberta is by far the largest producer in Canada when you look at the industries that it supports.
Our advantage is that we have a large industrial offtake right there. That's the starting point. These are industries that need hydrogen for their processing and now, increasingly, low-carbon hydrogen coupled with carbon capture and storage opportunities. We have experience now. We've been doing it for 10 years at a commercial scale, and not many parts of the world can say that. We're very proud of that, and we're continuing to improve.
The other part of it is that technologies that were put in place 10 years ago are wonderful, but they're improving. We're doing better and better. Now it's about unlocking new markets for the hydrogen. That's where we are. There are some challenges, of course, in how we unlock those markets and new sectors such as heavy-duty transportation. What is the driver for it? We're spending a lot of time looking at that and at what the role of government is as we advance hydrogen use applications.
The point is to advance this industry. Canada has a huge opportunity, certainly my part of Canada does. What's that coordinated process? We have federal and provincial incentives that are very strong in Alberta, but we also need certainty. What does that carbon market look like as you advance hydrogen use in new sectors? It is somewhat dependent on carbon policies and things like the Canada-Alberta MOU. That plays a critical role in moving things forward so that we have the certainty and we understand the value of carbon credits as we move forward.
We see huge opportunity for Canada and huge opportunity for Edmonton, not just in heavy-industry applications but as we look at new applications and new areas like data centres and defence.
