EJQ1 - Summer 2024 - Journal - Page 12
“By establishing common language and requirements, standards help
ensure the safety, performance, interoperability, and compatibility
of systems and components, which helps reduce technical and
financial risks associated with adopting new technologies,” explains
Pinatton. “CSA Group is engaged in multiple initiatives supporting the
development of standards related to hydrogen.”
As the standardization landscape for hydrogen has evolved and expanded
to new areas encompassing the entire value chain, the scope of activities
has grown as well. The standards solutions now cover various aspects of the
hydrogen ecosystem, from hydrogen production, including carbon capture
utilization and storage, through hydrogen storage and delivery to its enduse in transportation, residential, commercial, and industrial applications.
Tax credits to provide financial relief
energy and energy storage industries,” said Melo. “Its relatively straightforward
design and refundability will put Canada in a competitive position relative to the US
and other jurisdictions that are looking to decarbonize their electricity systems.”
The Canadian government is supporting these four Clean Economy Investment
Tax Credits:
The Clean Technology ITC
The Carbon Capture, Utilization and Storage (CCUS) ITC
The Clean Hydrogen ITC
The Clean Technology Manufacturing ITC.
Strategic consulting, bolstered by new tax credits and emerging standards, will
empower project developers in Canada to have great expectations about greening
the grid.
Canadian clean energy projects leading the way
After years of waiting, new legislation to enable Investment Tax
Credits (ITCs) was passed on June 19. This will spur growth in Canada’s
renewable energy and energy storage sectors, according to Fernando
Melo, CanREA’s federal policy director.
“The Cleantech ITC is potentially worth billions to the renewable
These noteworthy projects are already powering up the future and leading the way. Some are well established while
others are still in construction, but they are all pivotal iniLEARN MORE ABOUT
CLEAN ECONOMY INVESTMENT
tiatives that are changing the landscape of clean energy
TAX CREDITS (ITCS)
across the country.
The Golden South Wind Facility in Assiniboia, Sask. started
operations in 2022. This wind facility has a power capacity
of 200 MW. Potentia Renewables owns and manages
the
E N V I RON M E N T J OURN A L QUA RT E RLY RE PORT • Q1 2 02 4 • P AGE 1 2
facility, selling SaskPower the power it produces. This is
