Hydrogen ‘technology gate’ hinders huge potential: expert

Canada and Germany have inked an agreement to work towards exporting hydrogen from the East Coast as Europe’s largest economy pursues alternatives to reliance on Russian natural gas.The announcement on Tuesday came as German Chancellor Olaf Scholz wrapped up an energy-focused tour of Canada. The federal government also struck an agreement on raw materials for electric vehicle batteries with Mercedes-Benz and Volksawagen. However, it remains unclear how Ottawa will address Scholz’s call for Canadian LNG to play a “major role” in Germany’s energy transition.Kevin Krausert is CEO and co-founder of Avatar Innovations, a Calgary-based venture capital firm and startup accelerator that pairs entrepreneurs with the biggest companies in Canada’s energy patch. He says hydrogen has huge potential, but a “technology gate” will require investment in order to rapidly commercialize…

Read more…