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Halite / Road Salt
The Total Value Of Salt Sold Or Used In North America Was Estimated To Be $2.3 Billion
| Market | Value | Applications |
|---|---|---|
| Commercial Salt | $720 million | Water treatment, drilling fluids, infusion, dialysis solutions, pharmaceuticals |
| Chemical Use | $220 million | Chlorine, poly vinyl chloride |
| Road De-Icing | $220 million | Winter road maintenance, commercial users, private households |
| Food Industry | $300 million | Food processing, baking industry, condiments & preservatives |
Green Hydrogen storage in salt caverns has a number of advantages:
Indispensable chain link
Flexibility
Safety
Small Footprint
The Advanced Clean Energy Storage project in Utah is aiming to be the world’s largest energy storage facility for 1,000 megawatts of clean power by utilizing hydrogen in salt caverns – $504.4 million loan guarantee (DOE)
Canada and Germany agreed to build a new hydrogen supply chain across the Atlantic Ocean, the 2025 target date is for the first shipments across the Atlantic
The Hydrogen industry will generate $4 trillion if revenue from products such as fuel cell vehicles are counted – with the total market potential reaching $11 trillion by 2050
Global Hydrogen Storage portfolio to meet the global electricity and transportation storage required based on the vehicle, ship and plane assumptions
Newfoundland Green Transition Fund $100M
Newfoundland launches green energy transition fund using money from energy companies. Green Transition Fund valued at ~$100 million. Source: Globe and Mail
SK Ecoplant Signed a $50m US Deal with World Energy GH2
Korean company invests $50M US in World Energy’s Newfoundland hydrogen plan. Source: CBC
Haddington Ventures Announces $650M to Finance Green Hydrogen
Haddington Ventures, LLC has formed Haddinton ESP I, LP to provide construction equity for projects developed by the Advanced Clean Energy Storage Joint Venture (ACES Delta, LLC), which will be the largest green hydrogen platform in the world upon completion Source: OTPP
World Energy GH2 Pledges to Build a 1.5GW Plant Worth $12bn
World Energy GH2, known locally as Project Nujio-quonik to reflect the indigenous name for the Stephenville area, aims to house a total of 1.5GW of electrolysed capacity, powered by up to 3GW of associated onshore wind. Source: Recharge News
