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Kanata Selects WSP As Owner's Engineer For Frog Lake Net Zero Power Plant 0-



Kanata Clean Power & Climate Technologies Corp.

 

CALGARY, ALBERTA – November 1, 2021 – KANATA Clean Power & Climate Technologies Corp (“KANATA”) is pleased to announce that WSP Canada Inc. (“WSP”) has been selected to support and accelerate KANATA’s engineering and project development capacity as the Owner’s Engineer for the  Frog Lake – KANATA Power Plant Limited Partnership (“Frog Lake Power Plant”).

Partnering with Frog Lake First Nation, KANATA intends to build a 300MW power plant that runs on natural gas and produces zero carbon emissions. As Owner’s Engineer for the Frog Lake Power Plant, WSP will assist in building Canada’s first Net Zero power infrastructure using Allam Cycle technology.  The utilization of this technology is a major step toward the decarbonization of power generation in Canada.

“WSP Canada is fully committed to supporting clients and communities through the Global Energy Transition. In North America, efforts to decarbonize energy must be done in close collaboration with Indigenous leadership. As a major step in this process, WSP Canada is excited to partner with Kanata Clean Power and Climate Technologies on the ground-breaking Frog Lake Power Plant,” said WSP Projects Director Daniel Matthews.


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KANATA’s power plant will run on natural gas and produce zero carbon emissions.


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KANATA’s Frog Lake plant will sit in the centre of its linked infrastructure platform, part of the overall circular carbon economy.

WSP is one of the world's leading engineering professional services consulting firms with significant experience in oxy-combustion/supercritical CO2 power generation and other decarbonisation technologies. Vault is a highly experienced CCS project development organization with extensive expertise in secure geologic sequestration of CO2. Working together with both WSP and Vault will allow KANATA to achieve our goals for the Frog Lake project and for our other ongoing studies related to the Net Zero & Net Negative linked -infrastructure development.  Together we will unlock significant economic and environmental benefits and support Canada’s energy transition,” said KANATA Chief Technical Officer Chad Gvozdenovic.

To support the overall realization of the KANATA Net Zero & Net Negative linked infrastructure development, WSP will be working with KANATA and Vault 44.01 Ltd. (“Vault”) to study and develop innovative, Indigenous-led CO2 sequestration assets. (See Oct 14 CarbonHub announcement)

“As an Alberta-based company, Vault is excited to participate in ambitious First Nations-led projects. We look forward to bringing our experience with over 20 carbon sequestration projects across North America to the KANATA CarbonHUB and other opportunities in development with KANATA  to create world-class carbon sequestration facilities,” said Vault President and CEO, Scott Rennie.

ABOUT FROG LAKE FIRST NATION

Frog Lake First Nation is a Cree-speaking Treaty 6 Nation situated in Northeastern Alberta, and the principal shareholder in Frog Lake Energy Resources Corp, Canada’s leading Indigenous-owned energy company. For more information visit: www.flerc.com or follow us on Twitter, LinkedIn, and Facebook.

ABOUT KANATA CLEAN POWER & CLIMATE TECHNOLOGIES CORP.

KANATA is a leading Canadian decarbonization development and asset management platform, and a leading developer of Net Zero & Net Negative carbon emission electricity infrastructure in Canada. For more information visit: www.kanataclean.com or follow us on Twitter and LinkedIn.

ABOUT WSP

As one of the world’s leading professional services firms, WSP provides engineering and design services to clients in the Transportation & Infrastructure, Property & Buildings, Earth & Environment, Power & Energy, Resources and Industry sectors, as well as offering strategic advisory services. WSP's global experts include engineers, advisors, technicians, scientists, architects, planners, environmental specialists, and surveyors, in addition to other design, program, and construction management professionals. WSP’s talented people are well-positioned to deliver successful, and sustainable projects. For more information visit: wsp.com.

ABOUT VAULT 44.01 LTD.

Based in Calgary, Vault is a highly experienced CCS project development organization with extensive expertise in secure geologic sequestration of CO2. Vault’s team members have been involved in the development of CO2 sequestration projects across North America since 2007, including TransAlta’s Project Pioneer, Petroleum Technology Research Centre’s (PTRC) Aquistore Project, Shell’s Quest Project, and Carbon Management Canada’s Field Research Station in western Canada. Vault's goal is to enable cost-effective, wholesale decarbonization of industrial emitters in Alberta and across North America through CCS.

For more information visit: vault4401.com.

For Media or other General Inquiries contact:

info@kanataclean.com

CAUTION REGARDING FORWARD-LOOKING INFORMATION Certain statements contained in this news release may constitute forward‐looking information. Forward‐looking information is often, but not always, identified by the use of words such as anticipate”, plan”, estimate”, expect”, may”, will”, intend”, should”, and similar expressions. Forward‐looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking information. KANATA’s actual results could differ materially from those anticipated in this forward‐looking information as a result of regulatory decisions, competitive factors in the industries in which the KANATA operates, prevailing economic conditions, changes to KANATA’s strategic growth plans, and other factors, many of which are beyond the control of KANATA.  KANATA believes that the expectations reflected in the forward‐looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. Any forward‐looking information contained in this news release represents KANATA’s expectations as of the date hereof, and is subject to change after such date. KANATA disclaims any intention or obligation to update or revise any forward‐looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.