New Royal Bank Climate Action Report Features Hydrogen Optimized as a “Climate Action Hero”

Headshot of Andrew Stuart with the Climate Action Institute and Hydrogen Optimized logos underneath.

Hydrogen Optimized is featured as a “Climate Action Hero” in the inaugural RBC Climate Action Report, an annual update by Royal Bank of Canada on the country’s progress toward achieving net zero by 2050.

Along with a survey of Canada’s progress overall and in six key economic sectors, the report highlights individual and corporate examples of climate action through case studies and “climate action hero” stories. These stories include a video on Hydrogen Optimized and our RuggedCell™ large-scale clean hydrogen production technology.

In the video, Hydrogen Optimized President and CEO Andrew Stuart explains that hard-to-abate industries such as chemical processing and heavy duty transportation require large-scale clean hydrogen to decarbonize. These industries “represent about 20 percent of the total requirement for decarbonization to achieve net zero,” Stuart says. “Our focus is to be part of the solution, in fact, a leading choice in that solution.”

Among the report’s key findings is that Canada’s investment in climate action must nearly double to $60 billion annually for the economy to attain net zero by 2050.