FuelPositive provides update as company closes in on system activation

WINNIPEG — FuelPositive Corporation provided an update regarding its progress as the Company closes in on system activation and broadens its network of strategic partners.

FuelPositive had a productive meeting with Manitoba’s Minister of Finance, Adrien Sala, at the Legislature in Winnipeg on August 19, 2024. The meeting marked a crucial step in advancing FuelPositive’s vision. FuelPositive says that the discussions indicated a strong synergy between FuelPositive’s goals and Manitoba’s priorities, highlighting shared objectives supporting economic and environmental progress.

While the specific discussions remain confidential, Minister Sala’s understanding and interest were clear. Both FuelPositive and the Minister’s office remain open to continuing the dialogue.

FuelPositive’s Key priorities:

• Accelerating the timeline for on-farm Green Ammonia production in collaboration with Manitoba Hydro.
• Exploring various existing and model energy rates for farmers producing Green Ammonia on-farm, with the intent of providing predictable energy costs and support the transition to a carbon-free economy and global food security.
• Expanding opportunities for carbon credits to benefit farmers, aligning with the Company’s commitment to decentralized, resilient rural green nitrogen fertilizer and energy solutions.
• Planning a state-of-the-art automated manufacturing facility in Manitoba, potentially in the CentrePort region, to initially scale production to 500 FP1500 systems annually
• Creating numerous clean economy jobs in engineering, science and skilled trades.

“Our recent meeting with Minister Sala represents a pivotal milestone for FuelPositive’s strategy,” said Luna Clifford, Co-Founder and Chief Impact Officer at FuelPositive. “As Manitoba prepares to finalize key budget decisions, our ongoing dialogue with the province’s leadership across various ministries, including Agriculture, Economic Development, Finance, Labour, and the Environment next, positions FuelPositive to drive innovation while supporting the government’s progressive goals.”

On August 22, 2024, FuelPositive engaged with the Ministry of Labour and the Deputy Minister to discuss Manitoba’s evolving strategy. This strategy increasingly prioritizes initiatives that create essential clean economy jobs and stimulate substantial economic growth across the province.

The Deputy Minister was familiar with FuelPositive’s project, and the discussions were constructive in advancing the file through the process. This alignment with Manitoba’s new priorities positions FuelPositive to contribute meaningfully to the province’s clean energy and agricultural goals.

“We have encountered only support and encouragement since we arrived in Manitoba, and we are confident that the current discussions will profoundly impact our future growth and the broader economic landscape in Manitoba. We look forward to clarifying the situation regarding the final approval needed to activate the system,” added Ian Clifford, Co-Founder and Chief Executive Officer and Chair of the Board at FuelPositive.