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CIB and HTEC Invest $337M to Boost Hydrogen Production and Refueling Network in Western Canada

The Canada Infrastructure Bank (CIB) and HTEC, a Vancouver-based designer, builder, owner and operator of hydrogen supply solutions, have announced an investment of $337M towards hydrogen production and refuelling network in Western Canada. The loan will expedite and expand HTEC’s operations in British Columbia and Alberta. The investment will support the development of a sustainable fuel supply chain called H2 Gateway, which aims to reduce emissions in the transportation sector. The financing will help accelerate the implementation of hydrogen technology and help mitigate uncertainty in the rate and pace of hydrogen adoption. Once fully operational, H2 gateway is expected to reduce transportation sector greenhouse gas emissions by approximately 133,000 tonnes annually.

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