Ms. Nancy Southern reports

ATCO SELECTED BY SOUTH AUSTRALIA AS PARTNER ON WORLD'S LARGEST HYDROGEN PRODUCTION FACILITY

The South Australian government has announced a consortium comprising Atco Ltd.'s Atco Australia and BOC, a Linde company, as the preferred partner to design the world's biggest hydrogen production facility and a hydrogen power plant near Whyalla, South Australia. The Atco Australia and BOC consortium has committed to an early contractor involvement (ECI) agreement with the state government, which will see the consortium undertake detailed project and engineering design, procurement of critical equipment, finalize contracting arrangements, and cost estimations. The project's operations are set to commence in 2026.

"Across our global operating jurisdictions, we are working closely with governments, communities and partners to build better communities and make meaningful progress on decarbonization," said Nancy Southern, chair and chief executive officer, Atco. "We are delighted to be working closely with South Australian government and acknowledge their foresight and action on this hydrogen opportunity."

The 250-megawatt (MW) hydrogen production facility and 200 MW hydrogen-fuelled electricity generation facility are part of the South Australia's hydrogen jobs plan project, which also includes a hydrogen storage facility. To date, South Australia has committed $593-million (Australian) of state funding and will own the proposed facilities.

"These facilities will unlock opportunities for further energy innovation across the country," said John Ivulich, CEO and country chair, Atco Australia. "Our selection as a preferred partner speaks to the talent of the Atco team and our expertise in advancing hydrogen -- through projects like the Clean Energy Innovation Hub here in Australia and hydrogen natural gas blending programs in Canada and Australia -- as well as our expertise in the design, building and operation of power plants in Canada, Australia and the U.K."

About Canadian Utilities Ltd.

Canadian Utilities and its subsidiary and affiliate companies -- including Atco Australia -- have approximately 8,000 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 in utilities (electricity and natural gas transmission and distribution, and international operations), energy infrastructure (energy storage, energy generation, industrial water solutions and clean fuels) and retail energy (electricity and natural gas retail sales, and whole-home solutions).

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