Acting New South Wales Premier Paul Toole said this huge commercial interest shows how much the regions are set to benefit with renewable energy and new low carbon technologies.
“Hydrogen Hubs will provide huge economic benefits for the Hunter and Illawarra, helping to secure jobs of the future,” he said.
“It also represents a huge export potential for our state, with the international market for green hydrogen expected to meet 24% of the global energy demand by 2050, estimated to be worth $900 billion.”
Treasurer and Energy Minister Matt Kean said the overwhelming response includes private sector plans to develop up to 5,900MW of electrolyser capacity, more than eight times the state government’s 700MW target.
“The market has spoken. This is an overwhelming level of commercial interest and it shows our policies are sending the right signals to energy investors, making NSW the go to state for energy investment,” Kean said.
“Twenty-one individual projects have told us they want to produce almost 268,000 tonnes of green hydrogen each year, which is enough to fuel 26,000 trucks. Hydrogen is integral to decarbonising many parts of the economy, including heavy industry and heavy transport.”
The NSW government has committed $70 million to accelerate the development of hydrogen hubs in NSW, starting with the Hunter and Illawarra.
Hydrogen hubs will be pivotal in helping NSW scale up the emerging green hydrogen industry by working with industry to support innovation and minimise the cost of infrastructure.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.