ACO Globe says Atco boss upbeat on Alberta, hydrogen

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Thursday May 12 2022 - In the News

The Globe and Mail reports in its Thursday edition that Atco chief executive officer Nancy Southern told shareholders in Calgary on Wednesday that it has been tough to find growth opportunities in Alberta since commodity prices crashed in 2015, but she feels the province's economy is once again picking up steam.The Globe's Emma Graney writes that over the past 36 months, Atco has set its sights on areas with the fewest barriers to opportunities, she told the company's annual meeting. Atco is "doubling down on Australia, and committing significant resources and capital to growth" in the country, where it develops, builds, owns and operates energy and infrastructure assets.Ms. Southern is particularly upbeat about the opportunities that hydrogen presents for Australia and Alberta, where Atco has a range of partnerships centred on the low-emission fuel. They include a joint venture with Suncor Energy to build a hydrogen production facility, and an agreement with CP Rail to build two hydrogen production and refuelling stations. Atco is also in discussions with General Motors about getting involved in long-haul trucking powered by hydrogen fuel cells. Hydrogen, she added, is emerging as a "really exciting" industry.