Lexpert magazine features articles and columns on developments in legal practice management, deals and lawsuits of interest in Canada, the law and business issues of interest to legal professionals and businesses that purchase legal services.
Issue link: https://digital.carswellmedia.com/i/1480511
14 www.lexpert.ca Feature Contact us to see the difference we can make for you. 888.667.5151 | stewart.ca What Makes Us Your Trusted Partner for Title Insurance? Knowledgeable Experts Quick to Respond Solutions Oriented Get Deals to the Finish Line Knowledgeable Experts Quick to Respond Solutions Oriented Get Deals to the Finish Line All while supporting your integral role in real estate transactions! ST_TrustedPartner_HfPg_Lexpert_2022_v4_final.indd 1 ST_TrustedPartner_HfPg_Lexpert_2022_v4_final.indd 1 9/12/22 9:14 AM 9/12/22 9:14 AM production pathways being researched and deployed in Canada. Grey hydrogen is sourced from natural gas or gasified coal and produced without carbon capture and sequestration. ough it is abundant and has the lowest cost, this form of hydrogen has the highest carbon intensity. Blue hydrogen comes from fossil-fuel-based energy but is produced with carbon capture and seques- tration to lower carbon content. Nuclear hydrogen, which uses nuclear energy, has low carbon intensity but limited availability. Green hydrogen is derived from renewable electricity, such as wind, solar, or hydroelec- tricity, and has the lowest carbon intensity. One of the problems with renewable energy is its variability, says Vellone. e wind is not constantly blowing, and the sun is not always shining. Battery storage is currently handicapped by the expansion of electric vehicles, which is leading to shortages of the rare-earth minerals required to manufacture them, he says. But several innovative storage technol- ogies are emerging in Canada. For one, green energy supplier Hydrostor is piloting a project in Lake Ontario, using bags of compressed air held underwater until energy is required. e weight of the lake water pushes the air into a turbine. Another example is a flywheel. An electric motor charges this mechanical battery, which speeds up a heavy rotating disc enclosed in a vacuum-sealed cylinder. e energy is stored in the momentum of the rotation. "Energy storage has picked up an incred- ible amount of momentum in 2022," says Vellone. "I haven't had a single project cross my desk that doesn't have an energy storage component. Any conversation, pitch, or file relating to renewable energy now involves energy storage." projects is a growing trend in the renewables space, says Jonathan Cocker, a partner at BLG in Toronto and a member of the firm's ESG leadership team. "at's where a lot of new value [and] new opportunities exist." On August 23, 2022, Canada and Germany signed a pact to establish a transat- lantic hydrogen supply network. Under the agreement, Canada will produce hydrogen and ship it to Europe to help fill the energy gap le by Russia's invasion of Ukraine and the resulting sanctions against Russia, a significant energy producer. Hydrogen is viewed as "one of the big clean energy tools" that will propel Canada through the energy transition, says Kerri Howard, co-head of McCarthy Tétrault's national oil and gas group. Natural Resources Canada's Hydrogen Strategy for Canada, released in 2020, lists the four common hydrogen feedstock and