The Australian government, supported by local and global companies, has committed $275m over five years to fund the construction of five wind and solar plants that will produce green hydrogen.
The Morrison government has committed $2bn to develop five Hydrogen hubs, the first to be built in the NSW Hunter Valley. This article makes the following points:
- A consortium of major energy players led by Energy Estate plans to use wind and solar energy to produce green hydrogen to supply mining, transport and industry.
- Green hydrogen is created using an electrolyser that passes an electrical current through water, separating it into hydrogen and oxygen.
- The goal is to reduce the production cost of hydrogen to $2.00 per kilogram.
- Green hydrogen could become the cheapest form of fuel and an affordable emissions-free alternative to fossil fuels.
- If successful, the next stage would pipe hydrogen to Newcastle to help run a clean energy plant manufacturing green ammonia for export.
- A proposed third stage involves building a pipeline to renewable energy zones in New England and the central west.
- If this project succeeds, it could create more than 8,000 jobs and generate $11bn per annum by 2050.