Australian Government Announces $150m for Additional Hydrogen Hubs
20th September 2021
The Australian Government today announced $150 million in funding for two additional hydrogen hubs under the Clean Hydrogen Industrial Hubs program. The program has already committed $1.2 billion for hydrogen. There are now seven prospective locations across Australia, including Bell Bay (TAS), Darwin (NT), Eyre Peninsula (SA), Gladstone (QLD), Latrobe Valley (VIC), Hunter Valley (NSW), and Pilbara (WA).
Prime Minister Scott Morrison said government investment would de-risk projects and allow them to quickly reach scale, providing jobs in regional areas, affordable energy and lower emissions.
Carbon capture and storage is integral to the production of low-carbon or blue hydrogen, which is likely to remain the most cost-effective means of hydrogen production where large amounts of renewable electricity is not available and fossil fuel prices are low.
More information on the Clean Hydrogen Industrial Hubs program can be found here.