The headline catalyst is a Front-End Engineering Design contract awarded to Plug Power to supply a 275 MW GenEco PEM electrolyzer system for Hy2gen Canada's 'Courant' project in Baie-Comeau, Quebec. This project will utilize low-carbon electricity from Hydro-Quebec to produce green hydrogen, which will then be converted into low-carbon ammonia and decarbonized ammonium nitrate for use in the mining and agriculture industries.
In 2022, the Australian mining and energy company Fortescue signed a deal with E.On, a German energy network and infrastructure operator, to supply up to five million tons of low-emission green hydrogen to Europe annually. "The race for large-scale production and transportation of green hydrogen has taken off," said Robert Habeck, then German minister for economic affairs and climate action, of the deal. Adding that it would be the start of a "future without fossil fuels."
