- The hydrogen economy continues to grow by leaps and bounds, and one of Canada's prairie provinces is looking to break ground on the country's first 100% hydrogen-fueled community this year.
Butler looks for platinum prices to rise to $1,300 this year. This week, the precious metal has managed to bounce off support at a four-month low just above $900 an ounce, with April platinum futures last trading at $956.60 an ounce, up 0.84% on the day.On Wednesday, Alberta Innovates, a provincial crown corporation, announced a total of $20 million in funding for 18 hydrogen products including $2 million for a feasibility study on how to use hydrogen to heat new homes.
The community is expected to house up to 85,000 residents once it's fully developed and will have a mix of different housing options, from single-family homes to townhouses and apartments. "Right now, the rules are not clear," Jason Sharpe, president of ATCO Gas."So part of this study is to provide recommendations to government on how this could be done so that we would know the cost for someone who's buying one of those homes."
"While hydrogen-related demand for platinum is relatively small in 2022 and 2023, it is expected to grow substantially through the 2020s and beyond, reaching as much as 35 per cent of total annual platinum demand by 2040," said analysts at the World Platinum Investment Council in a report from December that highlighted the precious metal's role in the global green energy transition.