Canada’s Clean50
Part 1 of 5: Decarbonizing transport
Hydra Energy’s innovation, which is blending hydrogen into existing diesel trucks, is helping to improve the environmental footprint of road transportation. Supplied
COLLABORATIVE EFFORTS ACCELERATING LOW-CARBON TRANSPORTATION FUTURE
With nearly one third of Canada's greenhouse gas emissions associated with transportation, the sector is a prime target for cleantech innovation.
Thanks, in part, to recognition earned by their involvement in Canada's Clean50, leaders dedicated to advancing low-carbon transportation options have found allies and partners in their efforts to accelerate their market entry and growth. “We are tireless at creating connections that make a difference,” says Gavin Pitchford, Clean50 Awards executive director and CEO of Delta Management Group.
For example, Loop Energy, a developer, manufacturer and supplier of hydrogen fuel cells for transportation and power generation systems, won the 2015 award in the R&D category. Fast-forward to 2021, and you see the company going public – and raising $100-million in an over-subscribed offering on the TSX.
“In 2015, Loop Energy had a cool idea but no customers and limited capital,” recalls Mr. Pitchford. “A couple of years later, the founder told me that the recognition served as a powerful catalyst – from winning the award as well as the connections he made at the Clean50 summit that year.”
Loop Energy connected with Walmart and this, in turn, led to a partnership with truck manufacturer Peterbilt. “Together, they built and tested the product and proved it worked,” Mr. Pitchford explains. “And now they’re exporting their hydrogen fuel cells to China and the U.S., in addition to seeing prospects for growth in Canada.”
This is only one example among many, he says. “If you look at our past R&D Clean50 winners, you’ll see a raft of companies we identified early and whom we were able to help connect with funders and capital. Now, they’re the cream of the crop of the Canadian cleantech industry.”
There’s a lot of momentum in efforts to decarbonize transportation, and Mr. Pitchford credits the Canadian Urban Transit Research & Innovation Consortium for efforts to evolve this field.
In addition to Loop Energy, other players contribute to an evolving hydrogen eco-system with significant potential for creating jobs and exports and reducing emissions. “They include companies like HTEC, building a hydrogen grid, Hydra Energy, blending hydrogen into existing diesel trucks, and Ballard, creating fuel cells for transportation applications,” he says, adding that Renewable Hydrogen Canada creates hydrogen and Hydrogen in Motion offers hydrogen storage. Canadian companies in the electric vehicle (EV) space, including buses and trucks, are also world-leading.
“Lion Electric, Flyer and others are building – and selling – the best products in North America,” says Mr. Pitchford. “On the infrastructure side, Kent Rathwell of Sun Country Highway built a network of electric vehicle chargers for the world’s longest green highway.”
With 82 per cent of electricity in Canada being greenhouse gas emissions free, he suggests that “decarbonizing transportation via electricity or green hydrogen is probably the single fastest way – and one that both consumers and businesses can accomplish – to cut emissions and move us closer to our climate goals.”
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