Latest news with #JulieLemieux
Associated Press
3 days ago
- Business
- Associated Press
Triple Point Resources Highlights Canada's Clean Energy Reserve Advantage at Energy NL and the Global Energy Show
Coast to coast, Triple Point reinforces its role in shaping Canada's clean energy future through clean energy storage and sustainability Calgary, Alberta--(Newsfile Corp. - June 3, 2025) - Triple Point Resources Ltd. (Triple Point) is proud to announce its participation in Energy NL in St John's this week and the Global Energy Show Canada 2025 (GESC), taking place June 10-12 in Calgary, Alberta. These premier events bring together energy leaders from around the world to drive innovation and accelerate the energy transition. Triple Point is pleased to be in attendance alongside key players from across the global energy sector, highlighting the company's work on long term clean energy storage and development with its flagship project, the Fischells Salt Dome, based in Newfoundland and Labrador. Canada's Prime Minister has recently charged the country to 'build, build big, build bold, build now,' to make Canada an energy super-power. Fischells Salt Dome is an Atlantic Canadian project that can deliver on that imperative. 'Fischells Salt Dome is more than a project, it's Canada's answer to the question of how we turn world-class renewable resources into secure, bankable energy for decades to come,' said Julie Lemieux, CEO of Triple Point Resources. 'No other province can provide Ottawa a project that simultaneously strengthens energy security, supercharges renewable energy projects, supports decarbonization and drives regional prosperity. By engineering Fischells to capture and store excess energy, we turn surplus wind into dispatchable power today while creating a strategic clean energy reserve for tomorrow, and we are excited to share that story with industry leaders from coast to coast.' Participating in these conferences ensures Triple Point remains at the heart of these conversations and highlights the vital role of long-term clean energy storage in enabling the energy transition. As part of GESC's speaker series, Triple Point's CFO, Corran Hockey, will be presenting about Power & Hydrogen Storage: Unlocking Salt Cavern Potential on June 10, 2025. -30- About Triple Point Resources Ltd. Triple Point Resources owns the Fischells Salt Dome mineral rights and 226 sq. km of mineral licenses prospective for salt on the west coast of Newfoundland. The dome is strategically located in one of the world's premier wind corridors, 10 km from the coastline, beneath the Trans-Canada Highway with the Maritime Link Transmission line crossing the property. Triple Point focuses on developing large-scale underground energy storage solutions using hydrogen and Compressed Air Energy Storage (CAES) to support renewable energy integration and grid stability. For information with respect to Triple Point Resources Ltd., please contact: Julie Lemieux Chief Executive Officer For media inquiries, please contact: Shauna MacDonald Brookline Public Relations, Inc. 403-538-5645 [email protected] Forward-Looking Statements Certain information contained herein constitutes forward-looking information or statements ('forward looking statements') under applicable securities legislation and rules. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'will be', or variations of such words and phrases or statements that certain actions, events or results 'will' occur. All statements within, other than statements of historical fact, are to be considered forward-looking. Such statements include that the Company's sale dome assets are suitable for and can be commercially utilized for hydrogen storage, that demand for such storage will in the future exist at commercially viable levels, that expected capacity can be achieved, and that the Company will be successful in developing such project with the support of all stakeholders. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws. To view the source version of this press release, please visit
CBC
27-04-2025
- Business
- CBC
This company is sweet on salt for storing clean energy on Newfoundland's west coast
Triple Point Resources hopes to develop a salt dome in Bay St. George by 2030 One company sees big potential for clean energy generation on Newfoundland's west coast, and its eye isn't to the wind, but what's underground. Triple Point Resources owns the mining rights to the Fischells Salt Dome, a massive underground cavern that can act as energy storage sites, in the Bay St. George area. "Some people have been driving on top [of it] for years, but you don't see it," CEO Julie Lemieux told CBC Radio's Newfoundland Morning. She wants to use the underground geological structure to store clean energy generated across the province by proposed wind-hydrogen projects — even as many of the companies have scaled back plans. "What we are looking for is to build a compressor energy storage so we can help Newfoundland [and Labrador] Hydro to make sure that we harness all the energy we can from the wind in a very big salt cavern," said Lemieux. She says the compressor she hopes to build will be able to hold excess energy without wasting resources. "We make sure that there's no waste. We make sure we can use that energy for later use for the grid itself." Triple Point Resources' website says the Fischells Salt Dome is approximately 2 kilometres deep, massive, "with potential to store more than 35 million cubic meters, or the equivalent of 180,000 tonnes of hydrogen." Fischells could be the largest salt storage facility on North America's east coast, it adds. Lemieux says she's getting studies to evaluate the Fischells Salt Dome project before any work gets underway and the company can sell its services. The project will require environmental assessments and a regulatory framework from the provincial government, she says. Lemieux says about 600 jobs will be created for the project's construction and Triple Point Resources plans to employ about 20 specialized full-time employees to keep it running. "We believe we can be in operation in five years," said Lemieux.
Associated Press
14-04-2025
- Business
- Associated Press
Triple Point Resources' Fischells Salt Dome Poised to be a Strategic Asset in Clean Energy Security
At Hannover Messe, global energy leaders spotlight Canada's salt storage as a key enabler of long-term energy security and supply reliability St. John's, Newfoundland--(Newsfile Corp. - April 14, 2025) - Triple Point Resources Ltd. ('Triple Point') was proud to attend Hannover Messe 2025 last week in Hannover, Germany. Triple Point CEO, Julie Lemieux, highlighted the important role that salt cavern storage in assets like the Fischells Salt Dome will play in global energy security and catalysing Canada's renewable energy industry. Lemieux engaged with key officials, partners and investors to discuss the global clean energy future. Throughout the event, one thing became clear - securing global conventional and renewable energy supplies will depend as much on collaboration, and trust, just as much as it does on technological innovation. As Triple Point and fellow industry leaders work to position Canada as a clean energy powerhouse, strong cross-sector relationships and partnerships will be essential to delivering lasting impact and success. Building on discussions throughout the event, Lemieux delivered a presentation on Canada's potential to lead in global clean energy storage. She highlighted the strategic importance of the Fischells Salt Dome in Newfoundland and Labrador-Canada's only known salt dome capable of supporting large-scale energy storage. With its rare geology and ideal location, the asset stands out as a key driver of energy security, and a catalyst for reducing industrial emissions and advancing the clean energy transition. Lemieux also outlined Triple Point's integrated development strategy, which includes salt valorization, compressed air energy storage (CAES), and hydrogen storage-together forming a scalable, capital-efficient clean energy and industrial hub. 'Hannover Messe was a valuable reminder that energy innovation is not just about technology, it's about building real, strategic partnerships,' said Lemieux. 'Seeing the progress firsthand and speaking with companies that are pushing the limits to make clean energy more economical was truly inspiring. Europe already knows that Atlantic Canada is home to one of the world's strongest wind corridors, but now they're recognizing that we also have the storage capacity to match. They want volume. They want guaranteed supply. Salt cavern storage is what makes that possible. As Europe looks to secure reliable, long-term clean energy, assets like the Fischells Salt Dome offer a unique advantage. We're not just developing storage infrastructure; we're shaping Canada's role as a trusted energy ally in the global supply chain.' Triple Point's participation at Hannover Messe helped strengthen awareness of large-scale, off-site salt cavern storage solutions and confirmed that Canada, through assets like the Fischells Salt Dome, can play a critical role in Europe's energy security. Positioned at the intersection of national interest and political priority, developing the Fischells Salt Dome can help deliver precisely what federal leaders are promising: energy security, economic resilience, and a future-ready Canada. To learn more about Triple Point and the Fischells Salt Dome, visit -30- About Triple Point Resources Ltd. Triple Point Resources owns the Fischells Salt Dome mineral rights and a total of 297 sq. km of mineral licenses prospective for salt on the west coast of Newfoundland. The dome is strategically located in one of the world's premier wind corridors, 10 km from the coastline, near the Trans-Canada Highway with the Maritime Link transmission line crossing the property. Triple Point focuses on developing large-scale underground energy storage solutions using compressed air energy storage (CAES) and hydrogen to support renewable energy integration and grid stability. For information with respect to Triple Point Resources Ltd., please contact: Julie Lemieux Chief Executive Officer 709-214-5721 [email protected] For media inquiries, please contact: Shauna MacDonald Brookline Public Relations, Inc. 403-538-5645 [email protected] Forward-Looking Statements Certain information contained herein constitutes forward-looking information or statements ('forward looking statements') under applicable securities legislation and rules. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'will be', or variations of such words and phrases or statements that certain actions, events or results 'will' occur. All statements within, other than statements of historical fact, are to be considered forward-looking. Such statements include that the Company's sale dome assets are suitable for and can be commercially utilized for hydrogen storage, that demand for such storage will in the future exist at commercially viable levels, that expected capacity can be achieved, and that the Company will be successful in developing such project with the support of all stakeholders. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws. To view the source version of this press release, please visit
Associated Press
19-02-2025
- Business
- Associated Press
Corporate Update: Triple Point Resources Strengthens Canada's Energy Future Through Innovation, Collaboration and Strategic Clean Energy Storage
St. John's, Newfoundland--(Newsfile Corp. - February 19, 2025) - Triple Point Resources Ltd. ('Triple Point') is pleased to provide a corporate update, highlighting key achievements throughout the past year in advancing the development of the Fischells Salt Dome ('Fischells'). The only asset of its kind in Canada and on the eastern seaboard of North America, the energy storage capacity at Fischells is a game changer. When combined with Newfoundland and Labrador's world class wind resources, it will position the province as a global leader in the renewable energy sector. At a time when energy security is more important than ever, this is a strategic advantage that will enhance energy resilience, unlock economic growth and drive long term stability in the Canadian and global energy landscapes. '2024 was a pivotal year for Triple Point,' said Julie Lemieux, CEO of Triple Point. 'Our team made significant strides in advancing our flagship Fischells project, engaging with local communities and fostering collaboration with local, national and international stakeholders. Together, we have laid the groundwork for a cleaner and more secure energy future.' Highlights from 2024 include: Secured Mineral Rights - A Green Light to Advance Feasibility: On January 23, 2024, Newfoundland and Labrador's Minister of Industry, Energy and Technology officially confirmed that compliance has been achieved with all conditions attached to the key mineral license for Fischells. This marked an important milestone in the development of the asset and enabled Triple Point to move forward with confidence. The company now holds eight mineral licenses across 74 square kilometers with no restrictions under the Mineral Act. Scientifically Validated Salt Suitability for Large-Scale Energy Storage: Core sample testing conducted by RESPEC Company LLC successfully confirmed that Fischells possesses exceptional geological properties for large-scale energy storage. The testing highlighted the salt's superior stiffness, tensile strength and low permeability and porosity, confirming the dome's suitability for storing compressed air and hydrogen. Its size allows Triple Point to store millions of cubic metres in multiple independent caverns. Expanded Team: Triple Point welcomed key team members: William (Bill) Best, Vice President, Major Projects; Darryl Downey, Vice President, Regulatory Affairs & HSE; and Alison Muise, Manager, Community Engagement. Their extensive expertise and strong ties to rural Newfoundland and Labrador have been invaluable in driving Triple Point's strategic priorities. With their leadership, the development of Fischells remains focused on ensuring long-term energy security and delivering meaningful benefits to local communities and the province. Initiated Environmental Assessment: An extensive environmental constraints mapping initiative was completed, incorporating detailed physical, biological, socioeconomic and land use data for the project area. Advanced analytical software was used to identify potential environmental risks, providing a robust foundation for project planning. This analysis will guide upcoming environmental baseline studies, support land use planning discussions with community groups and inform the strategic siting of surface facilities, ensuring a responsible and sustainable approach to development. Strengthened Community Engagement and Indigenous Relations: Triple Point has strengthened its engagement with local communities and Indigenous groups, prioritizing meaningful participation in project planning over standard consultation practices. Over the past year, the company hosted planning workshops with community members to gather input on land uses near Fischells, ensuring that local knowledge and perspectives are considered before selecting potential sites for surface facilities. These efforts build on ongoing discussions with Indigenous leadership and community stakeholders, focusing on economic opportunities, environmental stewardship and regional development priorities. Launched Supplier Registration Database: To support local businesses and promote fair participation in procurement, Triple Point introduced a supplier registration database. This platform enables local vendors to register their services and be considered for upcoming contracts. Suppliers interested in working with Triple Point are encouraged to register on the database. Partnered with Natural Resources Canada: Triple Point entered into a partnership with Natural Resources Canada 's (NRCan) Office of Energy Research and Development (OERD) to advance studies related to salt property testing leveraging historical geological drill cores from Fischells. This collaboration represents a significant step forward in optimizing the role of salt caverns in Canada's clean energy future. Specifically, it will support efforts to enhance standards for the design, construction and operation of underground hydrogen storage facilities. Expanded Global Interest & Policy Engagement: Fischells has continued to gain recognition as a strategic asset for Canada's clean energy security. With CAES and hydrogen storage operating side-by-side, the project will meet the growing demand for long-duration energy storage. This pioneering dual-storage model not only strengthens grid stability, but also enables efficient energy management, from meeting short-term demands to long-term seasonal balancing and strategic reserves. Triple Point engaged with provincial and federal governments to discuss the role of CAES and hydrogen storage for energy security. International investors and energy leaders have expressed interest in partnering in the project, and Triple Point continues to advance discussions with strategic partners. With 2024 setting the foundation, Triple Point has now advanced to the feasibility stage of the project and is securing strategic partners and offtakers. Key 2025 priorities include: Introduction of provincial legislation for underground storage. Registration of the project for an environmental assessment with the Newfoundland and Labrador department of Environment and Climate Change. Finalizing project partnerships with energy leaders. Advancing feasibility engineering and environmental studies. Assessing favourable market conditions for a public offering. Triple Point is committed to creating sustainable jobs, attracting industries and establishing a foundation for long-term revenue and economic growth in Newfoundland and Labrador. To learn more about Triple Point and the Fischells Salt Dome, visit and sign up for our newsletter. About Triple Point Resources Ltd. Triple Point Resources owns the Fischells Salt Dome mineral rights and a total of 297 sq. km of mineral licenses prospective for salt on the west coast of Newfoundland. The dome is strategically located in one of the world's premier wind corridors, 10 km from the coastline, near the Trans-Canada Highway with the Maritime Link transmission line crossing the property. Triple Point focuses on developing large-scale underground energy storage solutions using compressed air energy storage (CAES) and hydrogen to support renewable energy integration and grid stability. For information with respect to Triple Point Resources Ltd., please contact: 709-214-5721 For media inquiries, please contact: Shauna MacDonald Brookline Public Relations, Inc. 403-538-5645 Forward-Looking Statements Certain information contained herein constitutes forward-looking information or statements ('forward looking statements') under applicable securities legislation and rules. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'will be', or variations of such words and phrases or statements that certain actions, events or results 'will' occur. All statements within, other than statements of historical fact, are to be considered forward-looking. Such statements include that the Company's sale dome assets are suitable for and can be commercially utilized for hydrogen storage, that demand for such storage will in the future exist at commercially viable levels, that expected capacity can be achieved and that the Company will be successful in developing such project with the support of all stakeholders. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.
