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2023 Year-End Review: A Journey of Innovation, Collaboration, Community and Growth

Clean energy hub value chain - Triple Point Resources

As we wrap up an extraordinary year, we’re reflecting on the milestones achieved through our collaboration, innovation, and community engagement.  

We are on the forefront of the Canadian hydrogen industry. We now believe the size and potential of our flagship asset, Fischells salt dome, will have generational benefits for the communities of Newfoundland and Labrador, the clean energy industry and our shareholders who have entrusted us with their investment. 

Our activities in 2023 have been focused on advancing Fischells salt dome as it is a critical link in the value chain of Canadian hydrogen production and distribution.

The hydrogen industry is buzzing with activity as global demand for green energy is beginning to skyrocket. To support the industry, “Hydrogen Hubs” are developing around the world. A common requirement is salt domes which are used for safe and secure underground storage. These salt domes are galvanizing the formation of regional hydrogen hubs as they serve as production, storage, and transportation centers. 

Fischells salt dome is a remarkable asset that offers the Canadian hydrogen industry massive storage potential. Based on its location on the west coast of Newfoundland, it has the ability to support the expansion of the region’s hydrogen infrastructure and serve as a gateway of world trade for decades to come. 

Your support has been invaluable, and we are excited to share these highlights with you. 

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