Reaching Canada's clean energy potential with hydrogen

Global focus on the energy transition and decarbonization, adoption of low-carbon hydrogen, and favourable market conditions give Canada an opportunity to become a leading clean energy exporter.

The country’s vast natural resources, coupled with world-class energy producers, puts Canada in an enviable position to become a powerhouse in low-carbon hydrogen supply and production. It’s critically important for Canada to maintain a global demand perspective in addition to domestic hydrogen adoption.

After reviewing current global energy market conditions and government policy on energy, export, trade and economics, KPMG’s energy and infrastructure professionals identify how the parallel pursuit of export markets and domestic use of hydrogen can help accelerate the cost reduction of hydrogen producing technology through a faster production ramp-up in Canada.

Continue reading to learn more about Canada’s low carbon hydrogen advantage and how hydrogen export market development may represent the best immediate economic option for monetizing any low-carbon hydrogen production in Canada.

KPMG’s interdisciplinary team of energy and infrastructure professionals is helping governments and corporations plan and implement long-term energy transition strategies. Navigating a global energy transformation requires global collaboration. KPMG member firms work closely with peers worldwide to deliver cutting-edge insight to domestic producers of low-carbon hydrogen. It’s also why our professionals are members of KPMG’s Global Decarbonization and Hydrogen networks that connect professionals working at the forefront of the energy transition globally.

We assist governments with:

• Streamlining government policy
• Identifying economic development opportunities
• Planning and managing complex project procurement processes
• Raising development financing
• Supporting lifecycle asset management.

In serving corporations, our team has supported:

• Market entry strategies
• Grant and other funding program applications
• Power and energy supply contract negotiations
• Investment appraisal, and commercial and technical diligence.