The federal government is turbocharging Australia’s green hydrogen industry, with a $70 million investment to support the development of a hydrogen hub in Townsville.
The Australian government has unveiled a $70 million (USD 49 million) investment to aid the development of a green hydrogen hub in the north Queensland city of Townsville as it looks unlock the benefits of an industry which it says could inject an additional $50 billion (USD 35 billion) into the economy by 2050.
Queensland-based independent power producer ReNu Energy and aspiring green hydrogen manufacturer Countrywide Hydrogen will seek to advance its renewable hydrogen projects from concept to production after Australian superannuation fund HESTA agreed to invest up to $100 million (USD 64 million) to develop the facilities.
Queensland-based energy company Line Hydrogen is to develop a gigawatt-scale renewable energy facility and green hydrogen production plant in Western Australia after joining forces with mining services contractor Blue Cap Mining.
Tasmanian farmers are set to turn to solar PV to cut energy costs with the state-owned irrigation authority announcing plans to install solar arrays at up to 13 existing pump station sites around the state, offsetting electricity usage and generating surplus power to be fed back into the grid.
Aspiring green hydrogen manufacturer Countrywide Hydrogen will explore solar-to-hydrogen co-development opportunities in the island state of Tasmania after inking a deal with large-scale solar PV and battery energy storage specialist Wirsol Energy, which already operates a portfolio of Australian projects with a combined capacity of more than 720 MW.
Brisbane startup Line Hydrogen today announced a deal with Canada’s Jericho Energy Ventures’ which will see it bring hydrogen boilers to Australia.
A green hydrogen production facility planned for Brighton, Tasmania, is progressing with its developer, Countrywide Renewable Hydrogen, owned by ReNu Energy, announcing it has an option to lease its identified site and has drawn up a term sheet with a local contractor.
Rio Tinto has joined a group of industrial heavyweights including Equinor, Amazon and Mitsubishi Heavy Industries as investors in United States-based renewable hydrogen start-up Electric Hydrogen which plans to build green hydrogen production facilities at scale for industrial and infrastructure applications.
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