Common use of Project Development Costs Clause in Contracts

Project Development Costs. 4.1 The Parties agree that, once raised, the Project Funding will be used to advance the Project over the next one to three years, and specifically, within such timeframe, to advance two pilot demonstrations: a) Power-to-Gas (approx. CAD $24 million): create a state of the art demonstration of multi-megawatt grid-connected and a dynamically controlled Power-to-Gas system and energy storage, including demonstration and evaluation of underground geologic reservoirs for storage of hydrogen gas; and b) Sustainable Energy Centre (approx. CAD $12 million): Establish a multi- purposes clean technology centre in ▇▇▇▇▇ County, which will:  Create a manufacturing centre for hydrogen-based energy systems;  Create a training centre for clean energy and hydrogen technologies;  Build capacity to achieve energy self-sufficiency for First Nation communities, including energy autonomy for off-grid remote communities using hydrogen technologies; and  Position ▇▇▇▇▇ County as a centre for development and early-adoption of hydrogen technologies.