Cofounder of Quinbrook Infrastructure Partners, David Scaysbrook, says the US Inflation Reduction Act can make Australia a green energy superpower – but not in the way we expect. The policy will fundamentally undercut Australia’s competitiveness exporting green hydrogen, but offers giant opportunities for critical materials. Scaysbrook also expects Australia’s 2023 to be lean in terms of renewable investment, especially when it comes to “vanilla” projects.
Germany has decided to build its first green ammonia import terminal in Hamburg, in collaboration with Air Products. Egypt, meanwhile, has signed $128 billion of hydrogen framework agreements.
As Longi and other solar manufacturers kick off massive growth in hydrogen generation capacity, expect large price decreases resulting from steep learning curves, echoing the rapid advances experienced by the solar power industry since the 1970s.
Australian independent power producer ReNu Energy has signed a deal with the developers of a proposed 3.5 GW solar-plus-storage facility in Indonesia to explore the potential large-scale production of green hydrogen for supply into Southeast Asia and beyond.
The Gladstone Regional Council has ratified an ambitious roadmap that will be used to help the central Queensland city navigate the transition from traditional coal and gas hub to a green hydrogen and renewable energy superpower.
Australia’s first hybrid solar and renewable hydrogen microgrid has officially launched as green hydrogen production began at Horizon Power’s demonstration plant in the coastal community of Denham in Western Australia’s Gascoyne region.
Fortescue Future Industries will partner with clean energy company Windlab to develop a renewable energy ‘Super Hub’ in northwest Queensland. The Hub is expected to deliver more than 10 GW of wind and solar power, underpinning the industrial-scale production of green hydrogen from purpose-built facilities.
A team of scientists from the University of Cambridge have developed lightweight floating photocatalyst devices that produce green hydrogen and syngas. The leaf-like photoelectrochemical devices show potential for scalability.
The New South Wales government has received bids for more than 5.5 GW of wind and solar projects, along with more than 2.5 GW of long-duration storage projects, in response to its first tender to secure renewable projects to transform its coal-reliant energy system.
Australia’s Fortescue Future Industries is reportedly exploring an offtake agreement with what will be the world’s largest PV project as it advances plans to build a $9 billion (USD 6 billion) mega green hydrogen production facility in Brazil.
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