government Canada teeth Position BC as a leader in clean technology and invest to drive more zero-emission vehicles
Squamish, British Columbia, February 23, 2024 /CNW/ – Across British Columbia, forward-thinking companies are developing solutions to global environmental challenges. In Squamish, Quantum Technology Corporation's carbon-free hydrogen technology is creating green transportation options and strengthening Canada's clean energy leadership on the world stage.
The announcement was made today by His Highness Harjit S. Sajjan, Minister of Emergency Preparedness and Minister of Pacifican Affairs. $2,547,500 Quantum Technology has provided funding to scale up production of green hydrogen technology.
Quantum Technology manufactures the equipment needed to purify and liquefy gases such as hydrogen and helium. These gases can be used as carbon-free energy sources and are essential to creating a net-zero future in sectors such as transport. Quantum Technology was the first Canadian company to manufacture this device at scale. Today, their innovations are powering clean energy projects around the world, including powering zero-emission vehicles.
The funding, provided through PacifiCan's Business Scale-Up and Productivity Program, will help Quantum Technology grow by improving manufacturing processes, enhancing product design, and adding employees to meet Canadian and global market demand. It helps you keep going.in british columbiaThe expansion of quantum technology will help unlock access to hydrogen as a fuel source and pave the way for greener transportation options.
Today's investment is expected to support more than 20 new jobs at Quantum Technology.
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“Across our province, British Columbians are building a cleaner, more prosperous future. Today’s announcement is a great opportunity for Quantum Technology to meet global demand for innovation and create good local jobs.” “This investment demonstrates Pacifican's commitment to positioning British Columbia as a leader in clean technology.”
– His Royal Highness Harjit S. Sajjan, Minister of Emergency Preparedness and Minister of State for Pacific Economic Development (PacifiCan)
District of Squamish has established itself as a growth hub for clean technology businesses. As the energy transition to a cleaner economy steadily accelerates, the share of non-emission energy in the energy mix will need to increase.government Canada's investment of more than $2.5 million Quantum Technology will help us grow to meet Canadian and global market demand for this energy-dense, net-zero fuel. This local investment in a BC-owned company with rapidly growing markets around the world will create good-paying, sustainable jobs in our backyard.government Canada is committed to making investments that help meet climate change goals and exploit the unique opportunities that exist in the green economy. ”
– Patrick WylerMember of Parliament West Vancouver—Sunshine Coast—Sea to Sky Country
“Quantum Technology is committed to advancing green hydrogen technologies and solutions that are key to decarbonization. Join us to innovate, manufacture and drive the transition towards a cleaner, brighter future. please.”
– calvin winterPhD, CFA, President, Quantum Technology Corporation
overview
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Quantum Technology is the world's only manufacturer of hydrogen and helium liquefaction systems. Canada 1 of 2 companies North America Companies that own and operate helium plants.
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PacifiCan is a federal economic development agency dedicated to British Columbians. PacifiCan works with partners who build innovative businesses, create quality jobs and support inclusive growth. british columbia.
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The Business Scaling Up and Productivity Improvement Program makes strategic investments in key economic sectors to help innovative companies accelerate growth and compete globally.
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According to the hydrogen strategy of Canada According to the report, the global hydrogen industry is expected to reach the following levels: $300 billion By 2030.
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Source: Canadian Pacific Economic Development Board
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