EverWind, a North American green hydrogen developer, has completed and submitted the Clean Hydrogen Investment Tax Credit (CH ITC) Clean Hydrogen Project Property Plan for its Point Tupper Green Ammonia Project Phase I to Natural Resources Canada (NRCan).
Upon confirmation, the Point Tupper project is expected to be the first project in Canada to secure the CH ITC, confirming eligibility for maximum credit value based on independently validated carbon intensity of clean hydrogen.
Finalizing validated carbon intensity modeling and the submission of the Clean Hydrogen Project plan will enable EverWind to access the highest tier of the CH ITC, representing 40 percent of eligible capital expenditures based on a projected carbon intensity of less than 0.75 kilograms of carbon dioxide per kilogram of green hydrogen.
The submission leverages a recently completed front-end engineering design (FEED) study and includes an assessment of the project’s expected carbon inte
