Hydrogen Power Centers Receive $ 150 Million Boost | Liverpool City Champion

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Two hydrogen power centers will receive $ 150 million in federal funding as the government places more weight on the industry.

The announcement comes in addition to the $ 1.2 billion set aside for hydrogen, which has become a future source of renewable energy.

Hydrogen is expected to play a key role in federal government initiatives to reduce carbon emissions.

There are now seven potential sites for hydrogen hubs in Australia, including the Hunter Valley in NSW, the Pilbara in WA and Bell Bay in Tasmania.

Other potential sites are in Darwin, the Eyre Peninsula in South Australia, Gladstone in Queensland, and the Latrobe Valley in Victoria.

Government funding should help potential sites build on existing infrastructure and enable the export of hydrogen to other countries.

Prime Minister Scott Morrison said hydrogen hubs will help with emissions reduction efforts.

“We are accelerating the development of our Australian hydrogen industry and our ambition is to produce the world’s cheapest clean hydrogen, transforming our transportation, energy, resources and manufacturing sectors,” said he declared.

“It’s good for jobs, good for our environment and contributes to our global effort to reduce emissions through technology, not taxes.”

The government estimates the industry could be worth up to $ 11 billion a year in gross domestic product by 2050.

It is hoped that the new energy hubs will make it possible to produce hydrogen in Australia for less than $ 2 per kilogram.

Australia’s renewable energy initiatives are set to be the subject of international consideration at the United Nations Climate Change Conference, to be held in Glasgow later this year.

The federal government has committed to reducing emissions by up to 26 percent, based on 2005 emission levels.

However, while the government has expressed its preference to achieve net zero emissions as soon as possible, it has not made a commitment to meet the target by 2050.

Energy Minister Angus Taylor said hydrogen hubs would allow the country to increase energy production.

“A thriving hydrogen sector will help Australia meet its emission reduction targets while continuing to grow our economy and support existing industries,” he said.

Associated Australian Press


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