The two companies last month said the deal would help NB Power develop the world’s first hydrogen-powered distributed electricity grid.īut the deployment of hydrogen production stations on the NB Power grid is dependent on Joi Scientific being able to scale up its technology, which is still in the laboratory phase.Įxecutives at NB Power and Joi Scientific refused to disclose the value of the deal, but did not dispute a published figure of CAD $13 million (USD $9.8 million). Canadian utility New Brunswick Power has invested millions of dollars to license a mysterious hydrogen production technology being developed by the Florida-based company Joi Scientific.
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