Australia is vying to become a major green hydrogen export industry, particularly in the Asia Pacific, but new research from the Australian National University suggests the opportunity may be overstated.
Western Australian company Infinite Blue Energy has today announced it will purchase Northam solar farm, which sits an hour east of Perth. The acquisition will accelerate the company’s green hydrogen project as it aims to produce up to 4.4 tonnes of renewable hydrogen daily from next year.
The deal between Fortescue Future Industries and E.ON, one of Europe’s largest energy network operators, will see the Australian company deliver five million tonnes of green hydrogen to Germany, the Netherlands and other European cities by 2030. “For us, it’s a minimum $50 billion expenditure. And that is one I welcome,” Fortescue founder Andrew Forrest said at press conference in Berlin overnight.
Australian fossil fuels giant Woodside will invest in US-based concentrated solar startup Heliogen, supporting its construction of a full-scale concentrated solar thermal demonstration plant in California ahead of a push into Australia.
Traditionally one of the slower states to move away from fossil fuels, New South Wales is rapidly turning the tables – and the market is responding enthusiastically. The state government yesterday revealed it had received more than $4 billion worth of investment interest for its Hunter and Illawarra hydrogen hubs.
Western Australian company Global Energy Ventures has had several permissions granted for its 2.8GW green hydrogen export project on the Tiwi Islands, off the coast of the Northern Territory, including potentially increasing the acreage for its proposed solar farm.
Japanese automaker Toyota has used its hydrogen tank tech in a new module to expand hydrogen storage to railways, shipping facilities, cargo ports, and fuel cell generators. Its 70MPa tank has a storage capacity of 2.7 kg to 18.7 kg and a tank mass ranging from 43.0 kg to 243.8 kg, depending on the size.
Rystad Energy has joined BloombergNEF with a significant forecast for grey and blue hydrogen off the back of Russia’s invasion of Ukraine. According to the analysts, the impact of the war has sent prices of fossil fuel-tied forms of hydrogen production surging, leaving the gradual but consistent downward price trend of green hydrogen now looking remarkably competitive.
Vattenfall, SSAB and LKAB have reached the halfway point in the construction of a rock cavern storage facility in a coastal city in northern Sweden. The 100-cubic-metre facility is being constructed 30 metre below ground and will begin storing green hydrogen next year.
Pure Hydrogen has entered into a partnership with Australia’s largest privately-owned waste management company, JJ Waste & Recycling, to build what it claims will be the country’s first ever hydrogen fuelled garbage truck.
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