The extra funding comes on top of a $1.3-billion-dollar investment in the sector..
Online PR News – 05-October-2021 – Canberra, Australia – In a recent joint press release, the Australian prime minister and the Minister for Energy and Emissions Reduction announced the rollout of an additional $150 in funding for the country’s hydrogen energy project. The additional funding will go towards aiding the creation of seven additional Clean Hydrogen Industrial Hubs throughout the country as part of the administration's National Hydrogen Strategy.
Under this plan, hydrogen hubs are meant to help create economies of scale by co-locating players in the hydrogen industry in one location. This means bringing hydrogen producers, users, and exporters closer together to help the industry grow faster and lead to more affordable products, as well as generating more efficiency across the board.
Forming active hubs should also make construction and expansion easier, as businesses can coordinate with companies that work with commercial awnings Sydney — visit https://gsbuilding.net.au/site-establishments/awnings/ for more info — to get materials and support for several construction sites at once.
The efficiency brought upon by this proximity is key for the country’s future hydrogen plans. As the official press release stated: “Hydrogen is a clean fuel of the future, and Australia will commercialize this technology by co-locating hydrogen production and industrial uses and building on the infrastructure and workforces of regional areas.”
The government has high hopes for the hydrogen industry in the future. In the official press release, the prime minister stated that “Australia has the potential to be a world leader in the production of affordable and clean hydrogen, and our hydrogen industry could create around 8,000 new Australian jobs and generate over $11 billion a year in GDP by 2050.”
"Our plan to invest and develop low emissions industries will mean more jobs for Australian workers, particularly in our regions, cheaper energy for businesses, and lower emissions,” the Prime Minister said.
The creation of hydrogen hubs is identified as a priority measure by the National Hydrogen Strategy. So far seven prospective locations for those hubs have been identified across Australia, and they include: Gladstone (QLD), Bell Bay (TAS), Eyre Peninsula (SA), Darwin (NT), Latrobe Valley (VIC), Pilbara (WA), and Hunter Valley (NSW).
These seven locations have been selected based on a variety of factors, including the strong interest and activity from the hydrogen industry in these areas, and the already existing infrastructure, capabilities, and resources available in these regions. Australia’s hydrogen program is going to be a nationwide effort, but leveraging the elements already found in these seven regions will help kick start this program, which will eventually be rolled out in more areas.
“We are accelerating the development of our Australian hydrogen industry and it is our ambition to produce the cheapest clean hydrogen in the world, transforming our transport, energy, resources and manufacturing sectors,” stated the prime minister.
Australia’s hydrogen efforts are being urged forward by a variety of political and economic factors. On top of being a potentially profitable industry, investing in hydrogen is also one of the ways the country is doing its part to meet the expectation set by the new low emissions partnership formed with Germany, Singapore, Japan, and the United Kingdom, which was announced in 2021.