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Government of Canada Announces Support for Ekona Power Inc.’s Clean Hydrogen Development

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BURNABY, BC, July 9, 2024 /CNW/ –  As nations globally move to reduce carbon emissions and shift to non-emitting forms of energy, investing in clean technologies will help ensure Canada remains a global energy leader. Ultra-low carbon sources of energy such as wind, solar, hydro and nuclear power are key to seizing the enormous economic opportunities that are available to Canadians in all regions of the country.

Today, the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, announced a new investment of $1 million from the Energy Innovation Program’s Clean Fuels and Industrial Fuel Switching initiative to Ekona Power Inc. This funding will support Ekona in advancing its methane pyrolysis solution for clean hydrogen production from natural gas. Building on the success of a prior program to develop and test Ekona’s xCaliber™ reactor, which was previously supported by Natural Resources Canada (NRCan) through its Breakthrough Energy Solutions Canada Program, this project will support further development of the reactor and expand Ekona’s Burnaby test facility.

Ekona’s solution converts natural gas into hydrogen and solid carbon, which reduces greenhouse gas emissions when compared with other conventional processes used to produce hydrogen. Ekona’s unique pyrolysis reactor uses the principles of combustion and high-speed gas dynamics to dissociate feedstock methane. It is low-cost, scalable and easy to integrate, and it leverages existing natural gas infrastructure to deliver a practical solution that meets the growing demand for clean hydrogen and the needs of Canadian industry.

Ekona’s novel solution has the potential to produce low-cost clean hydrogen while reducing greenhouse gas emissions by up to 90 percent. More broadly, it could enable cost-effective, ultra-low-carbon hydrogen gas production from natural gas within the need to capture and sequester carbon dioxide. This project will also help Ekona build and test its pilot plant, validate performance against commercial targets and explore how this technology can be utilized in British Columbia for decarbonizing the natural gas network.

While we continue to foster economic growth and build Canada’s clean economy, significant investments — such as the one announced today — are being made to accelerate the production, distribution and use of clean fuels, including clean hydrogen. These advancements are guided by Canada’s Hydrogen Strategy, which introduced a framework in 2020 to help position Canada as a global supplier and producer of clean hydrogen on our path to net zero by 2050.

Quotes

Canada is taking important steps to keep being a clean energy supplier of choice as we drive progress toward a net-zero world. Investing in innovations such as Ekona’s provides opportunities to advance Canada’s hydrogen value chain, create jobs and seize the economic opportunity of growing global demand for hydrogen.”

The Honourable Jonathan Wilkinson
Minister of Energy and Natural Resources

“Ekona is a key player in the clean technology ecosystem within B.C. and Burnaby. Local leaders like Ekona are helping to drive us toward a sustainable economy and supporting our net-zero emission goals. We look forward to the continued partnership.”

The Honourable Terry Beech
Minister of Citizens’ Services
Member of Parliament for Burnaby North–Seymour

Canada’s natural gas resources and infrastructure are critical for meeting tomorrow’s net-zero targets. Ekona’s methane pyrolysis platform unlocks natural gas’s potential for clean hydrogen production without the need for carbon-dioxide sequestration. This made-in-Canada technology offers a viable and near-term solution for using hydrocarbons in cleaner, better ways. NRCan has been an active supporter of Ekona and our technology vision since 2020, and we are grateful for its support.”

Chris Reid
CEO, Ekona Power Inc.

Quick Facts

Ekona’s clean hydrogen production plants operate without the need for water, or carbon-dioxide sequestration and use a minimal amount of electricity including renewable sources. These features allow the solution to be placed anywhere on the natural gas network and to leverage existing infrastructure.Ekona’s pulsed methane pyrolysis (PMP) reactor is integrated with industry-standard equipment for carbon separation and hydrogen purification to deliver a low-cost system. It is also catalyst-free, minimizing electricity consumption and mitigating carbon fouling.Ekona will deploy its first field unit next year. Ekona Gold Creek is a 1-tonne-per-day (1TPD) Customer Demonstration Plant. It will be deployed at Arc Resources’ Gold Creek gas plant to demonstrate how methane pyrolysis technology can decarbonize upstream oil and gas operations. The plant will be built, commissioned and tested in 2025 for operations in 2026.NRCan’s Energy Innovation Program advances clean energy technologies that will help Canada meet its climate change targets while supporting the transition to a low-carbon economy. It funds research, development and demonstration projects, and other related scientific activities.Interest in low-carbon hydrogen in Canada has increased significantly since 2020, with over 80 low-carbon hydrogen production projects announced, representing over five million tonnes of hydrogen production capacity and an economic expression of interest of over $100 billion in potential investment in domestic clean energy opportunities and jobs.Since 2020, British Columbia, Alberta, Ontario, Quebec, Nova Scotia, and New Brunswick have published hydrogen strategies, identifying hydrogen as a provincial clean energy priority and describing provincial actions and objectives to realize regional low-carbon hydrogen objectives.Hydrogen has been identified as a key opportunity area under the British Columbia Regional Energy and Resource Table and features prominently in the recently released British Columbia Regional Energy and Resource Table – Framework for Collaboration on the Path to Net-Zero. The Regional Energy and Resource Tables are joint partnerships between the federal government and individual provincial and territorial governments in collaboration with Indigenous partners — and with input from key stakeholders — to identify and accelerate shared economic priorities for a low-carbon future in the energy and resource sectors.There are now 13 low-carbon hydrogen production facilities in operation across Canada, able to produce over 3,000 tonnes of low-carbon hydrogen per year.

Related Information

Hydrogen Strategy for Canada and Progress Report 
2030 Emissions Reduction Plan: Clean Air, Strong Economy 
Net-zero emissions by 2050
Budget 2024 – Attracting Investment for a Net-Zero Economy
Backgrounder: Economic Growth and Productivity
Clean Hydrogen Investment Tax Credit 
Energy Innovation Program 
Breakthrough Energy Solutions Canada

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SOURCE Natural Resources Canada

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Hexagon Composites ASA: Eirik Løhre appointed permanent CFO

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OSLO, Norway, May 5, 2026 /PRNewswire/ — Reference is made to the stock exchange announcement dated 11 November 2025, where Eirik Løhre was appointed interim CFO in Hexagon Composites.

The Company is pleased to inform that Eirik Løhre has been appointed permanently to the role of CFO in Hexagon Composites, effective today.

Eirik Løhre has been with the Company since 2021 and prior to his role as interim CFO, he served as EVP Corporate Development on the Executive Team.  

“Eirik has demonstrated strong financial leadership and execution, and he has been instrumental in strengthening our financial performance. I look forward to continuing our work together to develop and position Hexagon in this next phase of growth,” said Philipp Schramm, CEO, Hexagon Composites. 

For more information:
Berit-Cathrin Høyvik, Senior Director, Communications, Hexagon Composites
Tel: +47 988 92 161, berit-cathrin.hoyvik@hexagongroup.com

About Hexagon Composites ASA
Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation and conversion to clean energy in a wide range of mobility and industrial applications. Learn more at www.hexagongroup.com and follow @HexagonASA on LinkedIn.

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View original content:https://www.prnewswire.co.uk/news-releases/hexagon-composites-asa-eirik-lohre-appointed-permanent-cfo-302762250.html

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LONGPORT Whale Enters Malaysian Market with Next Generation Trading Infrastructure for Local Brokerages

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LONGPORT Whale, with proven track record across 100+ institutional clients in Asia, makes its Malaysia debut at Bursa Malaysia Stockbroking Trade Fair 2026

KUALA LUMPUR, Malaysia, May 5, 2026 /PRNewswire/ — LONGPORT Whale, a provider of AI-Ready securities trading infrastructure, is making its entry into the Malaysian market at the Bursa Malaysia Stockbroking Trade Fair 2026. The move comes as Malaysia’s Capital Market Masterplan 2026–2030 (CMP4) continues to hone in on local brokerages to modernise core systems, balancing investor experience, regulatory compliance, and operational resilience simultaneously.

Malaysian brokerages are increasingly confronted by a challenge that goes beyond front-end upgrades. Legacy architectures struggle to keep pace with digital-native investor expectations, rising cybersecurity standards, and the demand for multi-market expansion simultaneously. For many such brokerages, the question is no longer whether to modernize, but how to do so without adding complexity or disrupting the business continuity that clients depend on.

Zhong Hua, CEO, LONGPORT Whale, said, “Core trading infrastructure must support continuous evolution — in investor experience, compliance, and AI readiness — without adding unnecessary complexity. The brokerages that lead the next decade won’t be the ones with the best system today; they’ll be the ones whose systems are designed to keep getting better. LONGPORT Whale aims to bring its Asia-proven experience to help Malaysian brokers strike that balance.”

Built on a cloud-native microservices architecture and trusted by more than 100 institutional clients in Asia, Whale’s platform is engineered by industry professionals and refined through years of first-hand operational experience. For the Malaysian market, it addresses four priorities: a best-in-class trading experience validated across competitive, highly regulated markets in Asia; system resilience and performance built for institutional scale, with high system performance and output, real time risk management, and low system latency; global market connectivity spanning Malaysia, Singapore, Hong Kong SAR, US, and Japan without requiring system rebuilds; and an API-first, data-unified architecture that gives brokerages a practical foundation for AI adoption.

Hong Kong SAR and Singapore, where Whale serves online brokers, traditional banking firms, banks and wealth management institutes in a stringent regulatory environment, serve as the primary reference market for its Malaysia expansion. The company said it aims to work with local industry participants as both an infrastructure partner and a contributor to broader conversation on responsible modernization under CMP4.

About LONGPORT Whale

LONGPORT Whale provides integrated securities trading infrastructure to brokers, banks, fund houses, wealth managers, and family offices across Asia. Its cloud-native platform supports multi-market, multi-asset trading across front-, middle-, and back-office workflows, with a deployment model designed for regulatory alignment and long-term scalability. Website: www.longportwhale.com

Media Contact
LONGPORT Whale PR Team
Email: media@longportwhale.com

View original content:https://www.prnewswire.com/apac/news-releases/longport-whale-enters-malaysian-market-with-next-generation-trading-infrastructure-for-local-brokerages-302761411.html

SOURCE LONGPORT Whale

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Thunes and Vodacom Tanzania Unite to Power Cross-Border M-Pesa Payments Across China and Uganda

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Collaboration revolutionises trade & financial convenience for Tanzanian merchants and consumers

SINGAPORE, May 5, 2026 /PRNewswire/ — Thunes, the Smart Superhighway to move money around the world, has joined forces with Vodacom Tanzania, the country’s leading telco company, to transform cross-border trade and digital financial inclusion with Vodacom’s new M-Pesa Global Payment solution. Thanks to the collaboration, Vodacom customers in Tanzania can now seamlessly pay merchants in Uganda and China directly from their mobile phones.

This milestone solution responds to growing demand from Tanzanian traders who engage in commerce with Ugandan and Chinese markets but often face challenges with costly, slow, and insecure payment methods. With this innovation, leveraging the Thunes Direct Global Network, Vodacom aims to bridge those gaps, offering secure, real-time digital payments across borders and reinforcing its leadership in mobile money innovation in Africa.

The solution supports trade with two key markets for Tanzania. For eight consecutive years, China has been Tanzania’s largest trading partner, with bilateral trade hitting $8.8 billion in 2024. In the same year, bilateral trade between Tanzania and Uganda reached approximately $2.23 billion, an increase of 64% on the previous year.

Epimack Mbeteni, M-Pesa Director at Vodacom Tanzania said: “This is more than just a payment feature, it is a catalyst for economic empowerment and a gateway for small and medium businesses and entrepreneurs in Tanzania to compete and thrive in regional and global markets. Through Thunes’ expansive and trusted Network we are enabling seamless, secure, and affordable cross-border payments that empower people, fuel trade and place M-Pesa at the center of Africa’s digital commerce future.”

Through Thunes’ Direct Global Network, customers can now send payments to merchants in Uganda using MTN MoMo and to Chinese merchants through the Alipay network, all through the M-Pesa USSD menu or the M-Pesa Super App. The process is secure, user-friendly, and eliminates the burden of traditional banking barriers for everyday traders and businesses.

Dawei Wang, SVP Network at Thunes, added: “Vodacom Tanzania joining the Thunes Direct Global Network to digitise cross-border payments is a game changer for local businesses. By combining Vodacom’s technology with Thunes’ trusted and proprietary Network, Tanzanian customers can pay partners in China and Uganda in real time. This innovation accelerates interoperability along with international trade and business growth and supports our vision of connecting the next billion end users to the global economy.”

This initiative stands as a strategic enabler for consumers and micro, small, and medium enterprises (MSMEs) who need reliable and quick financial tools such as mobile money. A 2025 GeoPoll survey on Tanzania Financial Services and Usage found that 94% of the survey’s respondents use mobile money.

The Thunes and Vodacom Tanzania alliance is set to transform the lives of millions of consumers by dismantling cross-border barriers. By hyper-connecting Tanzania to global powerhouses like China and streamlining intra-African trade, the collaboration is helping to build an inclusive economy and grow Tanzania’s role as a force in the global market.

About Vodacom Tanzania

For more information, visit: https://www.vodacom.co.tz/

About Thunes

For more information, visit: https://www.thunes.com/

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View original content:https://www.prnewswire.co.uk/news-releases/thunes-and-vodacom-tanzania-unite-to-power-cross-border-m-pesa-payments-across-china-and-uganda-302760085.html

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