Australia will become a world leader in hydrogen production and exports thanks to a new fund set up by the Morrison Liberal Government.
Following the release of the National Hydrogen Strategy, the Government has launched a funding package focused on growing an innovative, safe and competitive hydrogen industry in Australia.
Australia has the potential to develop a thriving hydrogen market over the coming decades, similar to the scale of Australia’s liquid natural gas industry. The development of our hydrogen resources could create new jobs for Australians, especially in regional areas and an export industry valued in the billions.
By growing a strong domestic hydrogen industry, we will be able to see the practical benefits of hydrogen here at home with cheaper power bills, improved system reliability and emissions reduction. Hydrogen can play a key role in the future energy mix to bring down energy prices, keep the lights on and reduce emissions.
This package takes the Government’s commitments to the hydrogen industry to over $500 million since 2015.
This is part of our plan to deliver a fairer, more affordable and reliable energy system and a stronger economy for all Australians. You can view our energy policy blueprint here https://www.energy.gov.au/energy-policy-blueprint-fair-deal-energy
4 December 2019