Funding Announced to Advance Tasmania’s Green Hydrogen Production
New funding has been announced to scale-up Tasmania’s green hydrogen production capability by 2025. How will this help the country become a leader in producing green hydrogen?
Coming as part of the second round of the Renewables Hydrogen Industry Development Fund, it will look specifically to fund domestic production and the use of green hydrogen at scale in the order of 5 – 10MW.
Tasmania’s Minister for Energy and Renewables, Guy Barnett, has revealed he believes that the funding will set the country in good stead to establish the commercial-scale production of green hydrogen.
He said: “To secure funding, proponents will need to be able to commit to commencing production in 2025, provide evidence of their market for the green hydrogen produced, and demonstrate a pathway to commercial sustainability.”
Continuing, he explained that hydrogen is a clean energy solution that Tasmania is exploring greatly: “It will be the latest step in the Rockliff Liberal Government’s plan to become a leader in green hydrogen production and for locally produced renewable hydrogen to be a significant form of energy used in Tasmania by 2030.”
The first round of the programme supported feasibility studies by Grange Resources, Origin Energy, and ABEL Energy all found great potential for hydrogen in Tasmania.