Canadian midstream giant TC Energy is evaluating 10 blue and green hydrogen hubs across North America, the company said in a presentation this week
The company views incumbency as a significant competitive advantage, with one of the largest natural gas networks in NA, well positioned near demand centers – “literally at the intersection of molecules and electrons and molecules,” said EVP and President of Power & Energy Corey Hessen.
TC Energy’s strategy involves developing integrated partnerships from production all the way to the end user, “which ensures we’ve secured demand before we create supply,” Hessen said in the investor day presentation.
Spokespeople for the company did not respond to requests for further comment on the hydrogen strategy.
Two joint development agreements so far focus on four types of end users: long haul transportation, power generation, large industrial applications, and heating across the US and Canada, Hessen said.
In April, TC Energy announced that it would evaluate its existing Crossfield gas storage facility in Alberta for use as a hydrogen hub. The project would entail generating 60 tonnes of hydrogen per day with capacity potentially increasing to up to 150 tonnes per day.
“Our key goals in this process are to clarify the commercial framework, get comfortable with the technical viability of the application before committing significant capital,” Hessen said. A final investment decision is expected by the end of 2023.
TC Energy is also collaborating with Pembina Pipeline to develop the Alberta Carbon Grid, which is expected to transport and/or store up to 10 million tonnes of CO2 per year. A final investment decision is expected in 2024 – 2025, according to the presentation.
