Why Salt

Halite / Road Salt

  • According to Allied Market, the global industrial salt market size was valued at $14.2 billion in 2020, with global industrial salt market forecast expected at a CAGR of 3.2% from 2021 to 2030
  • Canada (3 MT) and the US (13 MT) are importing a combined 16 million tonnes of de-icing salt
  • 35 million tonnes of salt is scattered on US roads annually

The Total Value Of Salt Sold Or Used In North America Was Estimated To Be $2.3 Billion

Commercial Salt$720 millionWater treatment, drilling fluids, infusion, dialysis solutions, pharmaceuticals
Chemical Use$220 millionChlorine, poly vinyl chloride
Road De-Icing$220 millionWinter road maintenance, commercial users, private households
Food Industry$300 millionFood processing, baking industry, condiments & preservatives

Why Salt Cavern Storage?


Green Hydrogen storage in salt caverns has a number of advantages:

Indispensable chain link

  • Underground storage helps to ensure security of supply of renewable hydrogen.


  • Salt caverns offer flexibility regarding their injection and withdrawal cycles.


  • Salt caverns allow for safe storage of large quantities of hydrogen under pressure.

Small Footprint

  • Minimal disturbance at the surface.

Hydrogen Market Overview

1,000 MW

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

$11 Trillion

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

642 TWh

Global Hydrogen Storage portfolio to meet the global electricity and transportation storage required based on the vehicle, ship and plane assumptions

Hydrogen Industry News Highlights

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