Mr.
Paul Sparkes reports
WORLD ENERGY GH2 AND VORTEX ENERGY CORP ANNOUNCE MEMORANDUM OF UNDERSTANDING TO EXPLORE HYDROGEN AND GREEN ENERGY STORAGE SOLUTIONS IN NEWFOUNDLAND & LABRADOR
World Energy GH2 and Vortex Energy Corp. have agreed, by way of a memorandum of understanding (MOU), to explore green energy cavern storage solutions in Newfoundland and Labrador. The MOU was signed in Rotterdam, the Netherlands, at the Canadian Pavilion during the World Hydrogen Conference.
Recognizing the immense potential of Newfoundland and Labrador as a hub for renewable energy development, World Energy and Vortex have agreed to leverage their collective expertise, resources and technologies in the pursuit of sustainable energy storage solutions.
Paul Sparkes, chief executive officer of Vortex Energy, said: "This MOU marks a significant step towards meeting our shared goal of bolstering the province's green energy economy and ensuring long-term energy security. We are extremely excited about the next steps."
Both companies are committed to driving innovation and fostering the development of the infrastructure necessary for the widespread adoption of green energy solutions in Newfoundland and Labrador. Through collaborative research, development and deployment initiatives, World Energy GH2 and Vortex Energy intend to work together to study and explore scalable and efficient storage solutions.
Sean Leet, chief executive officer of World Energy GH2, commented: "We look forward to working with Vortex Energy in the development of the green hydrogen industry in Newfoundland and Labrador. There are many opportunities for collaboration as the development of energy storage is further evaluated. Vortex has been a pro-active partner, and we are pleased to be working with them in our project area."
About Vortex Energy Corp.
Vortex Energy is an exploration-stage company engaged principally in the acquisition, exploration and development of mineral properties in North America. The company is currently advancing its Robinson River salt project comprising a total of 942 claims covering 23,500 hectares located approximately 35 linear kilometres south of the town of Stephenville in the province of Newfoundland and Labrador. The Robinson River salt project is prospective for both salt and hydrogen salt cavern storage. The company is actively evaluating technologies to efficiently store hydrogen or energy in salt caverns. Vortex Energy also holds the Fire Eye project, which is located in the Wollaston domain of Northern Saskatchewan, Canada.
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