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Finance committee  I'm actually happy to comment on it. It's the third leg of the stool that's often ignored. Electrolysis and ammonia production seem to captivate attention. We're pursuing a number of storage strategies almost as a portfolio to offset the variability of wind production, including battery storage, as Trent referenced earlier.

October 12th, 2023Committee meeting

Paul MacLean

Finance committee  Trent covered the question well. While, initially, we were very much export-focused for our project, we're also working with companies in Nova Scotia to help develop a hydrogen economy here at home. It's not only an environmental benefit for us as a company; there's also an economic benefit.

October 12th, 2023Committee meeting

Paul MacLean

Finance committee  That's certainly our goal. I think your question raises a great point. We are a completely green hydrogen project, so we'll be relying on 100% renewable sources of electricity for the hydrogen production. It is our goal, yes, to reach a point where in periods in which we have access to a supply of wind energy, we could spill that back into the grid and help Nova Scotia further decarbonize their system.

October 12th, 2023Committee meeting

Paul MacLean

Finance committee  We were quite fortunate that we participated in a provincial Crown lands process and were awarded sufficient lands for 500 megawatts of onshore wind power production. We've also secured private lands for an additional 500 megawatts, which would give us, in round numbers, about a gigawatt of onshore wind production that would power the initial phase of the project.

October 12th, 2023Committee meeting

Paul MacLean

Finance committee  We absolutely are, and we were very encouraged by the province's announcement last year on the goal to have a call for bids for five gigawatts of offshore wind production by 2030. Our initial phase will be for 800,000 megawatts of installed electrolyzer capacity. We've been approved for two gigawatts of installed electrolyzer capacity, and we anticipate that the second phase will be largely driven by offshore wind.

October 12th, 2023Committee meeting

Paul MacLean

Finance committee  You're absolutely correct. We, as a company, participated directly in the consultation process, but we're also active in the Canadian Hydrogen and Fuel Cell Association and in the Marine Renewables Canada organization. We also provided feedback in that regard.

October 12th, 2023Committee meeting

Paul MacLean

Finance committee  Good morning. My name is Paul MacLean. I am the managing director of Bear Head Energy. I lead a team of engineers, project developers and permitting specialists who are seeking to develop, construct and operate a green hydrogen and ammonia production facility near Point Tupper here in Nova Scotia.

October 12th, 2023Committee meeting

Paul MacLean