Alberta’s government will invest $50 million in the establishment of a new Clean Hydrogen Center of Excellence.

The centre’s mission is to assist industry and small businesses with hydrogen research and development with the hope of paving the way for a prosperous future.

Alberta is already the country’s largest hydrogen producer. With hydrogen predicted to be a multi-trillion-dollar business by 2050, Alberta is aiming to establish itself as a market leader.

“According to our experts, there will be 360,000 hydrogen-related jobs in Canada by 2050,” said Dale Nally, associate minister of natural gas and electricity. “We want to keep as many of those jobs in Alberta as possible.”

The Clean Hydrogen Centre of Excellence will receive $40 million over four years and $10 million over the next two years from Alberta’s Technology, Innovation, and Emissions Reduction (TIER) program.

Additionally, the center will seek an additional $150 million in government and private support over the next four years.