dynaCERT Inc. (TSX: DYA) (OTC: DYFSF) (FRA: DMJ) (“dynaCERT” or the “Company”) applauds the recently announced changes of March 31, 2025, proposed for the Ontario Government Hydrogen Innovation Fund (the “HIF”) regarding the launch of a new and increased budget of $30 million with eligibility broadened to include broader sector applications.
Foreseeable Future Economic Benefit:
The announcement of the expansion of the HIF by the Ontario Government was made at dynaCERT’s headquarters in Toronto, Ontario.
The HIF, and its corresponding proposals for hydrogen expansion in Ontario, were acclaimed by Jim Payne, Chairman, CEO & Director, dynaCERT; Hon. Sam Oosterhoff, Associate Minister of Energy-Intensive Industries; MPP Mohamed Firin, York South-Weston; Matthew Morrish, Committee Chair, Hydrogen Ontario; IESO Representative Chuck Farmer, Vice President, Planning, Conservation and Resource Adequacy (IESO); among many other dignitaries.
Accordingly, dynaCERT welcomes the HIF Incentives as lasting strong evidence of an obvious, clear, irrefutable and unequivocal “foreseeable future economic benefit” for all Canadians and to such Canadian participants such as dynaCERT.
Successful Consultative Meetings:
dynaCERT and their principals have been meeting for more than six (6) years with cabinet ministers, elected politicians, as well as senior officials within the government to advance, and assist with, the implementation of clean technology legislation and grants, loans and tax deferrals and tax credits. In so doing, dynaCERT has had face-to-face meetings, conversations and correspondence with the Ontario Government to help bring clean technology to fruition.
Through executives Jim Payne, Chairman & CEO, and Jean-Pierre Colin, Executive Vice President & CFO, dynaCERT participated in the Hydrogen Strategy Working Group advising the Ontario government which led to the release of its Low-Carbon Hydrogen Strategy in April 2022, outlining the opportunity to draw on Ontario’s clean energy advantage and establish a leadership position in the supply, distribution, storage and use of clean hydrogen.
See: Ontario’s Low Carbon Hydrogen Strategy:
Low-Carbon Hydrogen Strategy
Support for Continued Government Consultation:
dynaCERT continues to support the government’s openness in a consultative process on the design details of supporting the hydrogen economy and see consultative measures as a rational and important step to continue to expand the HIF.
Hon. Sam Oosterhoff, Associate Minister of Energy-Intensive Industries, stated, “Ontario companies like dynaCERT are leading the way — exporting homegrown hydrogen technologies around the world and driving industrial growth here at home. This investment builds on our Hydrogen Strategy and the first round of the Hydrogen Innovation Fund, supporting a growing sector that’s creating good-paying jobs and building Ontario’s energy economy for the future.”
Mohamed Firin, Ontario MPP for York South–Weston, stated, “York South-Weston is home to innovative businesses like dynaCERT that are driving Ontario’s clean energy future. This investment will help create good-paying jobs, grow local manufacturing, and strengthen Ontario’s position as a leader in hydrogen innovation.”
Maike Althaus, Executive Director, Hydrogen Ontario, stated, “We thank the Ontario government—and especially Minister Oosterhoff—for the ongoing support of Ontario’s growing hydrogen sector. Hydrogen is more than a clean fuel; it can be a game-changer for building independent local supply chains and creating high-quality jobs across Ontario. From hydrogen-powered vehicles and electrolysers to remote power generation and critical applications in mining, refining, steel, and cement— let’s seize Ontario’s hydrogen opportunity to strengthen our manufacturing sector and power key industries to drive a cleaner, more competitive future.”
Jim Payne, Chairman and CEO of dynaCERT, stated, “dynaCERT applauds the Ontario government for expanding its Hydrogen Innovation Fund and recognizing the critical role hydrogen can play in transforming industries in Ontario and around the world. This kind of targeted support would help companies like dynaCERT scale innovation, grow domestic manufacturing, and create good-paying jobs. By backing hydrogen, the Ontario government is not only supporting clean energy solutions but also making an initial step to advance Ontario as a global leader in the next generation of industrial technology. We, at dynaCERT, are proud to be part of this momentum.”
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