Accelerating hydrogen production and refuelling infrastructure in Western Canada.
Partnership will support the emerging hydrogen infrastructure ecosystem and advance greener transportation solutions.
Fast facts
We are investing $337 million in hydrogen production and refuelling infrastructure to accelerate the deployment of fuel cell vehicle technology, and advance greener transportation solutions.
The CIB’s loan will enable HTEC, a leader in hydrogen technology, to expand operations in British Columbia and Alberta. A new a new liquefaction facility, three new hydrogen production facilities, and up to 20 new hydrogen refuelling stations will be built to support Canada’s emerging hydrogen market.
Benefits of CIB involvement
This investment represents the CIB’s third deal under the Charging and Hydrogen Refuelling Infrastructure (CHRI) Initiative, which is focused on accelerating the private sector’s rollout of large-scale zero-emissions vehicle (ZEV) chargers and hydrogen refuelling stations to help spur the market for private investment.
This partnership will help accelerate the deployment of Canada’s low carbon fuel capacity and reduce greenhouse gas emissions in the transportation sector by approximately 133,000 tonnes annually.
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