News
For Immediate Release
Mississauga
08/11/2011
Clean Tech Investment Creates And Protects 100 Jobs In Mississauga: McGuinty Government Helping Ontario Company Strengthen Its Global Leadership
NEWS
Ontario is helping Hydrogenics — a Mississauga clean tech company — enhance and expand its advanced hydrogen power technologies, while creating 50 new jobs and protecting 50 existing positions for Ontario families.
With support from the province, Hydrogenics will improve, develop and market new advanced hydrogen power and fuel cell technologies to better support the wind/solar, telecommunications, and transportation industries. The company will also work on hydrogen energy research initiatives in cooperation with four Ontario universities and two National Research Council facilities.
Partnering with business and strengthening the clean technology industry are key components of the McGuinty government’s plan to create and support new and existing jobs for Ontario families, and strengthen local economies.
QUOTES
“Developing and marketing innovative, clean technologies that reduce our carbon footprint is one of Ontario’s strengths and a testimony of our growing impact in the global marketplace. Hydrogenics’ achievements will help ensure the province remains at the forefront of hydrogen power research, while creating jobs to strengthen our economy and help Ontario families.”
— Sandra Pupatello, Minister of Economic Development and Trade
“Ontario is a global leader in developing new technologies for tomorrow’s energy needs. Our clean energy plan is helping great companies like Hydrogenics create new jobs and new opportunities in communities like Mississauga-South Brampton. Partnerships like these continue to move Ontario forward.”
— Amrit Mangat, MPP for Mississauga-Brampton South
“Our capacity to develop and market new technologies and compete more effectively globally will be greatly improved through this initiative, and help us secure our position as a leader in hydrogen power. We appreciate the Ontario government’s contribution and support.”
— Daryl Wilson, President and Chief Executive Officer, Hydrogenics Corporation
QUICK FACTS
- Hydrogenics Corporation is a globally recognized developer and provider of advanced hydrogen generation and fuel cell products and services, serving the growing industrial and clean energy markets for over 60 years. Based in Mississauga, Hydrogenics has operations in North America, Europe, and Asia.
- The annual market for on-site hydrogen generation equipment is estimated at US$100 to 200 million, and the market for data centre power at US$6 billion.
- The fuel cell market generated US$498 million in 2009, and is expected to grow by 20 per cent annually, to US$1.2 billion by 2014.
- In 2010, Ontario was named a top destination for Foreign Direct Investment (FDI) in North America, second only to California. The province attracted a total of 127 FDI projects which created more than 11,200 jobs.
- As a result of the tax changes in Ontario, taxes on business investment were cut in half, making Ontario more competitive and encouraging new business investments.
LEARN MORE
- Read Ontario’s Progress Report 2011.
- Find out more about the government's plan for the economy.
- Visit the Ministry of Economic Development and Trade’s website for comprehensive economic and trade news, including a toolkit for businesses, and the Ministry of Research and Innovation’s website for advanced manufacturing news and innovations.
- Explore renewable energy in Ontario.
For more information:
Lauren Tedesco
Minister's Office
416-325-6909
Dominique J. Paquet
Communications Branch
416-325-8775
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