World Energy GH2 and Vortex Energy Corp announce memorandum of understanding to explore hydrogen storage and green energy solutions in Newfoundland & Labrador
Vortex and World Energy GH2 will collaborate, combining their collective expertise to actively pursue sustainable energy solutions in Newfoundland & Labrador
VANCOUVER, British Columbia, May 13, 2024 (GLOBE NEWSWIRE) — Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) (“Vortex” or the “Company“) is pleased to announce that World Energy GH2 (“World Energy”) and Vortex agreed, through a memorandum of understanding (“Memorandum of Understanding”), to explore green energy cavern storage solutions in Newfoundland and Labrador. The MOU was signed in Rotterdam, Netherlands, at the Canadian Pavilion, during the World Hydrogen Conference.
Recognizing Newfoundland and Labrador’s immense potential as a hub for renewable energy development, World Energy and Vortex have agreed to leverage their collective experience, resources and technologies in the search for sustainable energy storage solutions.
Paul Sparkes, CEO of Vortex Energy Corp, said: “This MOU marks a significant step towards meeting our common goal of strengthening the province’s green energy economy and ensuring long-term energy security. We are extremely excited about the next steps.”
Both companies are committed to driving innovation and promoting the development of the infrastructure necessary for the widespread adoption of green energy solutions in Newfoundland and Labrador. Through collaborative research, development and deployment initiatives, World Energy GH2 and Vortex Energy Corp intend to work together to study and explore scalable and efficient storage solutions.
Sean Leet, CEO of World Energy GH2, commented: “We look forward to working with Vortex Energy in developing the green hydrogen industry in Newfoundland and Labrador. There are many opportunities for collaboration as the development of energy storage is evaluated. Vortex has been a proactive partner and we are pleased to work with them in our project area.”
About GH2 World Energy
World Energy GH2 is a renewable energy partnership based in Newfoundland and Labrador, affiliated with World Energy LLC, one of the world’s largest producers of green fuels. The Nujio’qonik Project is a consortium of partners promoting a cost-effective and safety-focused green hydrogen/ammonia production facility on the west coast of Newfoundland and Labrador, Canada. The Nujio’qonik Project aims to be Canada’s first commercial green hydrogen/ammonia producer, created from more than 4 Gigawatts of wind power in one of the world’s best wind resource regions. Nujio’qonik Project partners are CFFI Ventures, Columbus Capital, World Energy LLC, Horizon Maritime and SK ecoplant. World Energy GH2 is committed to Truth and Reconciliation Call to Action 92 and is working to ensure Indigenous communities derive long-term, sustainable benefits from the Nujio’qonik Project. In affirmation of this commitment, World Energy GH2 has signed a memorandum of understanding with the Qalipu First Nation and is incorporating a series of capacity building activities designed to leave a legacy of prosperity and environmental excellence. https://worldenergygh2.com/
About Vortex Energy Corp.
Vortex Energy Corp. is an exploration company primarily engaged in the acquisition, exploration and development of mineral properties in North America. The company is currently advancing its Robinson River Salt Project, comprised of a total of 942 claims covering 23,500 hectares located approximately 35 linear km south of the town of Stephenville in the province of Newfoundland & Labrador. The Robinson River Salt Project is prospective for salt cavern storage and hydrogen salt. The company is actively evaluating technologies to efficiently store hydrogen or energy in salt caverns. also owns the Fire Eye Project, located in the Wollaston Domain in northern Saskatchewan, Canada.
On behalf of the Board of Directors
Paulo Sparkes
CEO, Director
+1 (778) 819-0164
info@vortexenergycorp.com
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended de identify forward-looking information and are based on the Company’s current beliefs or assumptions regarding the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the MOU and the work that may be carried out under it, as well as the intended and expected results of the collaboration with World Energy.
Various assumptions or factors are typically applied to draw conclusions or make predictions or projections set forth in forward-looking information, including with respect to forward-looking information included in this press release. Although forward-looking information is based on reasonable assumptions by the Company’s management, there can be no assurance that any forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among other things, the risk that the intended collaboration with World Energy may not proceed in the manner currently contemplated or at all. The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. securities laws. Due to the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
The Canadian Securities Exchange (CSE) has not reviewed, approved or disapproved the contents of this press release.
