California-based Greentech startup ReCarbon, which recycles greenhouse gases by converting them into hydrogen, is targeting a big Australian investment.
The national science agency, CSIRO, has mapped the critical research steps Australia must take to realise a potential 7600 jobs and $11 billion a year by 2050 from the burgeoning hydrogen industry.
The transformation of South Australia’s energy system has taken another step forward with early site works at a green hydrogen facility near Adelaide. The plant will integrate what is billed as Australia’s biggest electrolyser of its kind.
Australia has an undisputed competitive advantage when it comes to renewable energy, and many believe we can become a clean energy exportation superpower, but we have to reindustrialise ourselves first.
Under the business-as-usual scenario, Western Australia could use up its Paris-Agreement 1.5°C compatible carbon budget within 12 years but a massive ramping up of renewable energy capacity would unlock significant economic opportunities for the state, finds a report by Berlin-based science and policy institute Climate Analytics.
State and federal energy ministers have given a tick of approval to the National Hydrogen Strategy prepared by chief scientist Alan Finkel and voiced support for a $370 million fund for green hydrogen projects. Against high expectations of the country’s hydrogen export potential, a report finds that Australia has overhyped the potential demand for hydrogen exports by a factor of up to 11.
The possibilities presented by hydrogen are the subject of excited discussion across the world – and across Australia’s political divide, notoriously at war over energy policy.
New Analysis from Hydro Tasmania shows the island state to be in a unique position to lead the nation in the production of green hydrogen from renewable sources.
In late 2016, Queensland’s Labor Government revealed a plan for 50% of the State’s electricity to be renewably sourced by 2030, and the state has made significant steps toward that goal.
Abundant sunshine, favorable policy settings and high power prices have long placed Australia at the cutting edge of rooftop solar uptake. The more recent utility-scale boom has further enhanced its status as a PV leader. Battery adoption, microgrids, EVs and green hydrogen are all taking shape, yet what should be an Aussie smart energy no-brainer continues to be dogged by mounting investment uncertainty and a toxic debate on the national level.
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