EverWind Fuels Celebrates Landmark Canadian Clean Hydrogen Legislation

EverWind Fuels, recognized as the western hemisphere’s most advanced clean hydrogen developer, celebrates the landmark passing of Bill C-69. This comprehensive budget implementation legislation introduces investment attraction measures that ensure Canada remains at the forefront of the fiercely competitive global clean energy sector.

Bill C-69, now Canadian law, includes a “refundable tax credit to qualifying businesses for investments in certain clean hydrogen projects” and extends tax credits to investments in clean technology manufacturing property. This advancement, operational before similar measures in the U.S. Inflation Reduction Act, positions Canada as an attractive destination for clean energy investments, fostering economic growth and environmental sustainability.

Economic and Environmental Impact

The Clean Hydrogen Investment Tax Credit (ITC) brings significant economic benefits, including job creation, economic growth, and substantial tax revenues. Environmentally, it supports the decarbonization of Nova Scotia’s grid by replacing coal with zero-emission renewables, aligning with global efforts to combat climate change.

Trent Vichie, Founder and CEO of EverWind Fuels, emphasizes, “The Clean Hydrogen ITC’s enactment is a pivotal move for Canada’s leadership in the future energy economy. This proactive approach signals to the world to choose Canada, fostering job creation, emission reduction, and economic reconciliation with our Indigenous partners.”

Voices of Leadership

Chief Terry Paul of Membertou First Nation highlights the multifaceted benefits, stating, “These policies incentivize clean energy investments, offering economic benefits, climate action, and opportunities for Indigenous people. We commend the government for its forward-looking policies, positioning Canada for growth and prosperity.”

Chief Wilbert Marshall of Potlotek First Nation reflects on the collaboration, “Our partnership with EverWind drives our commitment to a cleaner and prosperous future. The tax credits and Indigenous Loan Guarantee program ensure Potlotek First Nation’s pivotal role in the energy transition, moving Nova Scotia away from coal.”

Chief Cory Julian of Paqtnkek Mi’kmaw Nation underscores environmental stewardship, “These budget provisions link economic benefits with our commitment to fighting climate change, demonstrating our leadership by example.”

Acknowledging Ancestral Land

EverWind honors the ancestral and unceded territory of the Mi’kmaq people, recognizing them as past, present, and future caretakers of Mi’kma’ki. Committed to environmental stewardship, EverWind works in consultation and partnership with the Mi’kmaq on all project aspects.

About EverWind Fuels

EverWind stands as North America’s premier independent green hydrogen developer, having received North America’s first Environmental Approval for a large-scale green hydrogen project. The company is advancing its green energy generation projects and a production facility converting energy into green hydrogen and ammonia. Operating the deepest ice-free berth on North America’s East Coast, EverWind boasts unparalleled access to rail, roads, and pipelines, and a stellar safety record spanning 18 years.

EverWind collaborates with three First Nations equity partners, advocating for meaningful engagement and advancing social and economic reconciliation. Locally, the company works with municipalities and stakeholders, reinforcing its community commitment.

EverWind’s parallel development of a world-scale green fuels project on the Burin Peninsula, Newfoundland & Labrador, exemplifies its commitment to sustainable growth. This project, essential for large industrial companies’ green energy transition, is in advanced stages, with extensive environmental data collection and community engagement.

Led by Trent Vichie, co-founder of Stonepeak Infrastructure Partners and former Blackstone Partner, EverWind’s development team comprises seasoned professionals from the infrastructure, private equity, renewable power, engineering, and utility sectors. Supported by a world-class advisory team, EverWind is poised to lead the global green energy transition.