Current H2 is a Distributed Energy Resources (DER)-based Independent Power Producer (IPP), founded by an experienced team of proven power sector developers.
We finance, design, permit, install, operate, and maintain on-site hydrogen and hydrogen-ready power generation solutions. Our systems either run on hydrogen or are prepared to transition to hydrogen, delivering carbon-free electricity for baseload or peaking applications. Current H2 owns the assets and supplies power under long-term contracts, ensuring stability for our partners.
Our leadership team brings extensive experience in renewable energy, HVDC transmission, and DER deployment. With a strong track record in Germany’s energy transition and a keen eye for emerging opportunities, we apply innovative business models to strengthen Ontario’s energy system and accelerate the shift to a clean, reliable power future.
- Chairman, Public Energy Inc. (2018 – Present)
- Founder and Director, oneGRID Corp. (2015 – Present
- Founder and Director, Lake Erie Power Corp (2012 -present)
- Member of Cleantech Advisory Board, MaRS (2018 – 2021)
- Founder, Transmission Developers Inc. (Underwater HVDC from Montreal to New York City. Acquired by Blackstone in 2010) (Board Member, 2008 – 2022)
- Founder, President and CEO, Ventus Energy Inc. (Wind developer. Acquired by GDF-SUEZ in 2007) (2004 – 2007)
- Head of Investment Banking, Director, Sprott Securities Inc. (now Cormark Securities Inc.),(1996 – 2001)
- Vice-Chairman, Public Energy Inc. (2018 – Present)
- CEO & President, Proventus Global (2020 – Present)
- Founder and CEO, Smart Lines Solutions GmbH, Nuremberg, Germany (2017 – 2021)
- Director Business Development Energy Management, Siemens Canada, (2018 – 2021)
- Director Power Transmission Lines, Siemens AG, Germany (2011 – 2018)
- Advisor to German government for energy transition (2012-2013)
- Senior Chief Researcher, University of Technology Graz, Austria (2008 – 2011)
- Founder and CEO, Energy Systems GmbH, Graz, Austria (2002 – 2008)
- Senior Engineer for Energy Management Projects – Medium Voltage in Austria (1998 – 2002)
Long Duration Energy Storage
Utilizes the energy density of the hydrogen molecule for long term energy storage More cost efficient and economically viable then a lithium-ion battery or hydro-pumped storage
Transforming Wasted Energy into Value
Utilizes off-peak, surplus grid electricity Energy that would otherwise be wasted, or sold at negative prices. Converts surplus clean electricity into hydrogen fuel Acts as a storage medium for low-value energy, effectively increasing its value.
Grid Reliability and Peak Demand Management
Hydrogen storage enables dispatchable power Respond rapidly and reliably to peak demand events.
Decarbonization
Reduces reliance on fossil-fueled peaking plants Cuts emissions by replacing natural gas peakers during high demand.
Economic and Environmental Benefits
Mitigates high electricity price spikes Delivers cost predictability during peak hours. Supports Ontario’s net-zero carbon goals Aligns with provincial and federal climate targets.
Addressing Efficiency Concerns
Lower efficiency offset by the low cost of input energy Although round-trip efficiency is lower, energy input is inexpensive or even negatively priced, resulting in overall economic viability. Cost-effective seasonal and daily energy storage solution Hydrogen provides long-duration storage that batteries economically cannot.
- Opportunity to generate incremental revenue and diversify tax base to support municipal services
- Attract investment, create jobs and stimulate Kincardine’s local businesses through construction and operations
- Maintain and add to Kincardine’s innovative and leading approach to solve for energy transition
- Implement one of the first hydrogen peaking generation plants in North America
- Co-locate hydrogen production with nuclear generation so benefits (jobs and tax revenue) accrue for the community of Kincardine (many believe that nuclear power plants should be paired with hydrogen production to take advantage of off-peak energy prices)
- Upgrade local infrastructure (i.e. transmission lines and substations) to benefit the entire community
- Create a Hydrogen Innovation Centre or Centre of Excellence for the implementation of hydrogen generation
- Current H2 utilizes the grid during off-peak hours. This is when the grid is supplied by clean energy sources such as renewables, hydro, and nuclear
- The clean grid electricity is used in our electrolyzer to create green hydrogen
- The hydrogen is then stored under high-pressure or liquified to be stored for later use during peak hours
- During peak hours the stored hydrogen is used as fuel for our 100% hydrogen burning turbines
- The turbines generate electricity to be returned to the grid, offering a clean energy solution for grid balancing
