Vortex Energy’s Collaboration with the University of Alberta Receives Alberta Innovates Funding

The University of Alberta will receive a total of $1.2 million from the Government of Alberta, through Alberta Innovates, for the project titled “Field Trial of Hydrogen Storage in Canadian Domal and Bedded Salts”

VANCOUVER, British Columbia, April 29, 2024 (GLOBE NEWSWIRE) -- Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) ("Vortex” or the "Company") is pleased to announce that the collaborative project with the University of Alberta (“U of A”) alongside Keyera Corporation titled “Field Trial of Hydrogen Storage in Canadian Domal and Bedded Salts” will receive a total of $1.2 million from the Government of Alberta, through Alberta Innovates. As part of the collaboration, Vortex will provide the U of A with data, resources, and core samples from the Robinsons River Salt Project. In return, the U of A has agreed to perform laboratory and mathematical analyses with the intent of designing and implementing the first field trial of hydrogen storage in a domal salt in Canada at the Robinsons River Salt Project.

The project is being supported by Alberta Innovates, in partnership with Natural Resources Canada, who is committing $22.5 million for 20 early-stage projects through the Hydrogen Centre of Excellence – Competition 2. There were a total of 95 expressions of interest received for this competition. The University of Alberta will have 24 months to complete the work for projects funded by Alberta Innovates.

Paul Sparkes, Chief Executive Officer, commented “We are proud to be collaborating with the University of Alberta and would like to congratulate Dr. Dehghanpour and his team for receiving follow-on funding from Alberta Innovates. Alberta is an energy systems leader and we believe this partnership will play a critical role in the development of the first field trial of hydrogen storage at the Robinsons River Salt Project in Newfoundland. I’d also like to thank our management team and consultants who have been working tirelessly to secure funding for this project.”

Building on its current fundamental research into hydrogen-rock interactions, the U of A team will develop protocols and guidelines to optimize locations, design specifications, and operational parameters for hydrogen storage in the salt caverns proposed to be developed at the Robinsons River Salt Project. To achieve this goal, the research team will conduct proof of concept experiments on core samples and simulation studies to identify and develop solutions for challenges related to containment and contamination of stored hydrogen. The findings are expected to help to develop a multi-physics model to predict hydrogen transport and reactions in the caverns proposed to be developed at the Robinsons River Salt Project as functions of temperature, pressure, in-situ stress, rock fabric and composition, and storage operational parameters.