One of the projects set to receive a part of this fund it’s the Port of Newcastle which is aiming to convert the area into a hub for hydrogen.
The project will receive $41m and is a joint venture with Macquarie Capital and Macquarie’s Green Investment Group and is currently progressing an ARENA funded feasibility study.
The project is being developed with a phase one minimum 40MW electrolyser that over time could increase to a capacity of over 1GW.
It has also been working with a range of project partners to develop a comprehensive range of use cases for green hydrogen in the Hunter which build on the region’s strong industrial heritage.
These include, mobility, bunkering, energy production and industrial uses at the scale necessary to position the Hunter at the centre of the emerging global green hydrogen opportunity.
A further $41m has been provided for Origin Energy’s Hydrogen Hub.
Craig Carmody, CEO of the Port of Newcastle, said, “The significance of this funding cannot be understated. By 2025, we hope to have Phase 1 of the Hydrogen Hub complete, which will benefit a range of local industry and position the Hunter Region to be a key player in the emerging hydrogen opportunity.
“This funding also complements the recent $100m in Federal Government funding for hydrogen readiness, which will focus on preparing the land and infrastructure, while the DISER funding provides the platform for a ready transition to Phase 1 construction.”
Dr. Fiona Simon, CEO of the Australia Hydrogen Council, said, “The Hunter ticks all those boxes and also offers a large workforce that’s ready to make the transition to a hydrogen economy a reality.
“This is another building block being put in place to create lasting jobs and build our export capacity.
“These hubs are crucial to enable Australia to meet its net zero targets. We look forward to working with industry and government to accelerate the development of hydrogen hubs around Australia.”
North American Hydrogen Summit
H2 View is taking its events platform to America’s original clean hydrogen hub of California. Together with the California Fuel Cell Partnership (CaFCP), we will stage our North American Hydrogen Summit in San Francisco on July 14-15.
As our summit theme Building Bridges: Hydrogen hubs and investment suggests, the event will explore the $8bn of funding announced to create at least four regional hydrogen hubs in the US. These hubs will turbo-charge the nation’s progress toward heavy trucking and industrial sectors that run without producing carbon pollution – and they may just provide the path forward to a hydrogen-fuelled future.
With California and Texas vying to be America’s hydrogen capital today, where are the hubs of tomorrow? Further still, what can other states, and countries, learn from California’s success story? And how can we build bridges to a successful flow of international investment?
If you are a member of the CaFCP, be sure to grab your ticket at a discounted rate with a code that can be provided to you by the events team.
Full information about this event including attendance and sponsorship packages can be found here.