(l-r): Andrew T.B. Stuart, President and CEO, MPP Rick Byers
The Ontario government is supporting an investment by Hydrogen Optimized in Owen Sound that’s aimed at supporting the local manufacturing sector.
The province is also chipping in $500,000 through the Regional Development Program’s Southwest Ontario Development Fund.
The funding was announced Monday by Bruce-Grey-Owen Sound MPP Rick Byers.
The company is investing $4.6-million to build its RuggedCell water electrolyzer production capacity.
The investment is going to enable the country to compete in the large-scale green hydrogen market.
Ontario is working to invest more than $100 million through its Regional Development Program between 2019 and 2023 to help advance the manufacturing sector.