Fischells, Newfoundland and Labrador

Newfoundland and Labrador Advances Hydrogen Project Selection: Perfectly Timed with Triple Point's Validated Salt Dome for Hydrogen Storage Development

Retrieved on: 
Tuesday, July 11, 2023
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Many of these multi-year, multi-billion-dollar projects will be the cornerstones to the development of Newfoundland and Labrador's green hydrogen industry.

Key Points: 
  • Many of these multi-year, multi-billion-dollar projects will be the cornerstones to the development of Newfoundland and Labrador's green hydrogen industry.
  • According to Triple Point CEO Julie Lemieux, this advancement is perfectly timed with recent news that Triple Point has validated the Fischell Salt Dome, located on the West Coast of Newfoundland, making this hydrogen storage solution the largest known salt dome on the East Coast of North America.
  • "We are ideally positioned near many of these future hydrogen developments with more than enough storage capacity to meet the storage needs of all the future hydrogen developers in Newfoundland and 'Labrador," explained Lemieux.
  • Fischell's storage will support excess hydrogen production, increase a hydrogen project's viability, and contribute to a stronger business model, while derisking off-take agreements."

Triple Point Resources Ltd. Assessment Confirms Larger than Expected Hydrogen Storage Potential of Fischell Salt Dome

Retrieved on: 
Thursday, June 8, 2023
Cave, Communication, Business development, Saint John's, Dome, Hydrogen, 3D, ACES, Atlas, Province, Energy Resources Conservation Board, Wind, Thomas Edison, Chokecherry and Sierra Madre Wind Energy Project, Crown land, National instrument, Anderson, Engineering, Government of Newfoundland and Labrador, Suncor Energy, Fischells, Newfoundland and Labrador, National Instrument 43-101, Qualified person (European Union), Triple point, Environment, News, Natural gas, Management, Renewable energy

St. John's, Newfoundland--(Newsfile Corp. - June 8, 2023) - Triple Point Resources Ltd. ("Triple Point" or the "Company"), a leading provider of clean energy underground storage solutions, is pleased to announce the successful completion of the Phase 1 Dome Assessment for its 100% owned Fischell Salt Dome, located 30 km south of Stephenville on the west coast of Newfoundland.

Key Points: 
  • The assessment, conducted by RESPEC, a global expert in hydrogen salt caverns, confirms that Fischell property contains a massive Gulf Coast Style salt dome, different from common bedded salt formations.
  • Fischell's Dome offers the potential to store more than 35 million cubic meters of hydrogen, or the equivalent of 180,000 tonnes of hydrogen.
  • This makes the Fischell asset much larger than expected and the largest known dome on the east coast of North America.
  • "The Phase 1 Dome assessment results are incredibly exciting for us," said Julie Lemieux, CEO of Triple Point Resources.