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ATCO Secures $28.7 Million, Takes Next Step Toward Building Australia's First Commercial Hydrogen Plant
ATCO Secures $28.7 Million, Takes Next Step Toward Building Australia's First Commercial ...
About this update from Atco Ltd. Class I
[{"type":"text","content":"\n \n \n \n ATCO Secures $28.7 Million, Takes Next Step Toward Building Australia's First Commercial Hydrogen Plant\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n CALGARY, AB,\n \n May 5, 2021\n \n /CNW/ -\n \n ATCO Ltd.\n \n (TSX: ACO.X) (TSX: ACO.Y)\n \n \n \n \n \n \n \n \n \n \n \n ATCO's proposed Clean Energy Innovation Park (CEIP) is getting an AUS$28.7 million injection in funding from the Australian Renewable Energy Agency (ARENA) to help kickstart the production of hydrogen on a large scale, providing clean fuel for the country's natural gas networks.\n \n \n ATCO and its joint-venture partner, Australian Gas Infrastructure Group (AGIG), are one of three projects to receive ARENA funding as part of its Renewable Hydrogen Deployment Funding Round. ARENA received 36 expressions of interest from across\n \n Australia\n \n , three of which obtained funding.\n \n \n \"This announcement demonstrates our ongoing commitment to actively invest in hydrogen developments to provide cleaner ways to power the world,\" said Nancy Southern Chair & CEO, ATCO Ltd. \"It is also a testament to the strength and talent of our people who continue to innovate, transform and grow our business for the benefit of our commercial, industrial and residential customers, many of whom are seeking clean fuels options.\"\n \n \n The funding enables our joint venture to move forward with additional planning to establish\n \n Australia's\n \n first commercial-scale green hydrogen supply chain. A final investment decision is expected in\n \n December 2021\n \n .\n \n \n \"Energy innovation and the transition to a clean fuels energy system is a central pillar of ATCO's overarching business strategy,\" Ms. Southern added. \"We are committed to building a more sustainable future through innovation, investment in clean fuels and technology, and driving operational excellence. We continue to pioneer the innovative energy solutions our customers and partners are looking for, with a focus on enabling the transition to a net-...