EverWind Completes Clean Hydrogen Investment Tax Credit Submission and Carbon Intensity Validation
Third party validated carbon intensity modelling supports 99% emissions reductions compared to fossil-fuel based hydrogen, confirming eligibility for 40% Clean Hydrogen ITC
HALIFAX, NS, Jan. 9, 2025 /CNW/ – EverWind, North America’s leading green hydrogen developer, has successfully completed and submitted the Clean Hydrogen Investment Tax Credit (CH ITC) Clean Hydrogen Project Property Plan for EverWind’s “Point Tupper Green Ammonia Project Phase I” to Natural Resources Canada (NRCan). Upon confirmation, the Point Tupper project is expected to be the first project in Canada to secure the CH ITC, confirming eligibility for maximum credit value based on independently validated carbon intensity of clean hydrogen.
Finalizing validated carbon intensity modelling and the submission of the Clean Hydrogen Project plan will enable EverWind to access the highest tier of the CH ITC, representing 40% of eligible capital expenditures based on a projected carbon intensity of less than 0.75kg CO2 per kg of green hydrogen. These investment tax credits are critical to ensuring that Canada is able to provide the most cost-efficient, greenest hydrogen globally and provides a globally competitive cost for early movers that will drive the cost down over time.
The submission leverages a recently completed front-end engineering design (FEED) study and includes an assessment of the project’s expected carbon intensity using the Fuel Life Cycle Assessment Model. These key deliverables ensure compliance with stringent regulatory standards for clean hydrogen production. Validation of life-cycle carbon intensity (CI) calculations was achieved in collaboration with RWDI, a world-renowned engineering and environmental consultancy, and calculations conducted by Deloitte,Canada, a leader in carbon intensity analysis. The results confirm that EverWind’s project will achieve an industry-leading carbon reduction of over 99% compared to fossil-fuel based hydrogen production.
RWDI, known for its expertise in climate and performance engineering, performed the validation of the Project.
Mark Vanderheyden, Chief Operating Officer at RWDI, said :
We are pleased to have worked with EverWind to validate the expected very low carbon intensity and supporting Project documentation
“Our cross-disciplinary team of process modelling, validation, and life cycle assessment experts conducted an independent review of EverWind’s project, completing one of the first validations to support the Clean Hydrogen Investment Tax Credit. This achievement underscores the importance of robust and transparent validation processes in advancing the green energy transition.”
Deloitte Canada conducted the carbon intensity calculations, providing a critical foundation for the validation.
Nathan Steeghs, Partner and National Climate Lead at Deloitte, commented,
We’re proud to provide services to EverWind necessary to complete its clean hydrogen project.
“EverWind is supporting global decarbonization through the construction of new renewable energy projects to power its hydrogen production. Projects like this will contribute to decarbonization in Canada and beyond..”
Trent Vichie, CEO of EverWind, emphasized the significance of this milestone:
Validating the carbon reduction potential of our project is a critical step in delivering on our promise of meaningful decarbonization.
“As Canada’s first green hydrogen project to achieve this level of rigor and transparency, we are proud to lead the way in setting new standards for clean energy development. This achievement not only reinforces our commitment to a net-zero future but also demonstrates the importance of collaborative efforts in addressing the global climate challenge.”
With confirmation of ITC eligibility at 40%, EverWind is well positioned in a competitive global landscape to finalize binding offtake agreements and begin construction on its multi-billion dollar production and transportation facility in 2025.
READ the latest news shaping the hydrogen market at Hydrogen Central
EverWind Completes Clean Hydrogen Investment Tax Credit Submission and Carbon Intensity Validation, source
