CALGARY,
AB, Nov. 20, 2024 /CNW/ - ATCO Australia, a division of Canadian Utilities
Limited (TSX: CU), announced that as part of its partnership with
the South Australian Government to deliver the world-leading
Hydrogen Jobs Plan project, it has awarded GE Vernova the supply of
the LM6000* gas turbine, included in the GE Vernova LM6000VELOX*
packaged solution for the Whyalla hydrogen power plant. The
official announcement was made this week at the COP29 Australian Pavilion in Baku, Azerbaijan as part of the
29th United Nations Climate Change Conference.
The GE Vernova turbine is expected to become the first
"aeroderivative" (derived from aviation jet engine technology) gas
turbine capable of operating on 100 per cent renewable hydrogen.
This first-of-its-kind technology will power the Whyalla power
plant and is expected to provide crucial firming capacity to
support the energy transition in South
Australia.
ATCO is actively developing hydrogen projects globally and has
been selected by the South Australian Government as one of the key
preferred partners for the design of what will be the world's
biggest hydrogen power station, in Whyalla.
"ATCO, in partnership with the South
Australian Government, is bringing our global
experience and local capabilities to deliver a world-leading energy
project, supporting South
Australia's ambitions to become a global leader
in producing and utilizing renewable hydrogen.
"ATCO Australia strategically selected GE Vernova
because of its aeroderivative solution which is able to operate on
100 per cent hydrogen and will deliver on the State's goals
outlined in the Government's Hydrogen Jobs Plan.
"ATCO Australia has been
part of the South Australia
community since the 1960's delivering workforce housing and modular
buildings, and we provide power generation via the Osborne
Cogeneration Power Station. ATCO Australia looks forward to continuing to
support the South Australia
community."
- John Ivulich, ATCO Australia CEO and
Country Chair
"South Australia is at the
forefront of the global shift to clean energy, and our investment
in 100 per cent hydrogen-capable technology at Whyalla sets a new
standard for what's possible.
"This partnership with ATCO Australia, brings us one step closer to a
future powered by zero-emission hydrogen, positioning South Australia as a leader in renewable
energy innovation.
"By integrating this world-first technology, we are not only
supporting our state's energy security but also creating a
blueprint for sustainable, hydrogen-fuelled power that the rest of
the world can follow."
- Premier of South Australia Peter
Malinauskas
ATCO Australia is participating
in the Early Contractor Involvement (ECI) phase of the South
Australian Government's Hydrogen Jobs Plan. During the ECI phase,
ATCO Australia will work closely
with other project delivery partners to undertake detailed project
and engineering design, procure critical equipment, finalise
contracting arrangements, and complete cost estimations. The
project's operations are set to commence in 2026.
*Trademark of GE Vernova and/or its affiliates.
About Canadian Utilities
Canadian Utilities Limited
(Canadian Utilities) and its subsidiary and affiliate companies
have approximately 9,000 employees and assets of $23 billion.
Canadian Utilities, an ATCO company, is a diversified global energy
infrastructure corporation delivering essential services and
innovative business solutions. ATCO Energy Systems delivers energy
for an evolving world through its electricity and natural gas
transmission and distribution, and international operations
segments. ATCO EnPower creates energy solutions in the areas of
renewables, energy storage, industrial water and alternative fuels.
ATCO Australia develops, builds, owns and operates energy and
infrastructure assets. More information can be found
at www.canadianutilities.com.
Investor & Analyst Inquiries
Colin Jackson
Senior Vice President, Financial Operations
Colin.Jackson@atco.com
403-808-2636
Media Inquiries
Kurt Kadatz
Director, Corporate Communications
media@atco.com
587-228-4571
Forward-Looking Information Advisory
Certain statements contained in this news release constitute
forward-looking information. Forward-looking information is often,
but not always, identified by the use of words such as
"anticipate", "plan", "estimate", "expect", "may", "will",
"intend", "should", "goals", "targets", "strategy", "future", and
similar expressions. In particular, forward-looking information in
this news release includes, but is not limited to, references to:
the development of the world's biggest hydrogen power station in
Whyalla; the supply of the LM6000 gas turbine for the Whyalla
hydrogen power plant; the expectation that the LM6000 gas turbine
will become the first aeroderivative gas turbine to operate on 100
percent renewable hydrogen to power the Whyalla hydrogen power
plant and support energy transition and decarbonization in
South Australia; the future
production and use of renewable hydrogen; and the commencement of
project operations in 2026.
Although Canadian Utilities believes that the expectations
reflected in the forward-looking information are reasonable based
on the information available on the date such statements are made
and processes used to prepare the information, such statements are
not guarantees of future performance and no assurance can be given
that these expectations will prove to be correct. Forward-looking
information should not be unduly relied upon. By their nature,
these statements involve a variety of assumptions, known and
unknown risks and uncertainties, and other factors, which may cause
actual results, levels of activity, and achievements to differ
materially from those anticipated in such forward-looking
information. The forward-looking information reflects Canadian
Utilities' beliefs and assumptions with respect to, among other
things, the growth of energy demand; inflation; the development and
performance of technology and technological innovations; continuing
collaboration with government, industry participants, business
partners, regulatory bodies and environmental groups; the
performance of assets and equipment; and other assumptions inherent
in management's expectations in respect of the forward-looking
information identified herein.
Canadian Utilities' actual results could differ materially
from those anticipated in this forward-looking information as a
result of, among other things, risks inherent in the performance of
assets; capital efficiencies and cost savings; applicable laws,
regulations and government policies; regulatory decisions;
competitive factors in the industries in which Canadian Utilities
operates; prevailing market and economic conditions; credit risk;
interest rate fluctuations; the availability and cost of labour,
materials, services, and infrastructure; future demand for
resources; the development and execution of projects; prices of
electricity, natural gas, natural gas liquids, and renewable
energy; the development and performance of technology and new
energy efficient products, services, and programs including but not
limited to the use of zero-emission and renewable fuels, carbon
capture, and storage, electrification of equipment powered by
zero-emission energy sources and utilization and availability of
carbon offsets; risks related to the activities of other industry
participants, customers, counterparties and/or stakeholders; the
termination or breach of contracts by contract counterparties; the
occurrence of unexpected events such as fires, floods, extreme
weather conditions, explosions, blow-outs, equipment failures,
transportation incidents, and other accidents or similar events;
global pandemics; geopolitical tensions and wars; and other risk
factors, many of which are beyond the control of Canadian
Utilities. Due to the interdependencies and correlation of these
factors, the impact of any one material assumption or risk on a
forward-looking statement cannot be determined with certainty.
Readers are cautioned that the foregoing lists are not exhaustive.
For additional information about the principal risks that Canadian
Utilities faces, see "Business Risks and Risk Management" in
Canadian Utilities' Management's Discussion & Analysis for the
year ended December 31, 2023.
Any forward-looking information contained in this news
release represents Canadian Utilities' expectations as of the date
hereof, and is subject to change after such date. Canadian
Utilities disclaims any intention or obligation to update or revise
any forward-looking information whether as a result of new
information, future events or otherwise, except as required by
applicable securities legislation.
SOURCE Canadian Utilities Limited
