Wednesday, 13 October 2021 19:03

NSW announces hydrogen strategy to drive investment, job creation Featured

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Dominic Perottet: “Australia has an opportunity to be an energy superpower, New South Wales will lead the country with this hydrogen strategy." Dominic Perottet: “Australia has an opportunity to be an energy superpower, New South Wales will lead the country with this hydrogen strategy." Courtesy YouTube

Australia's biggest state, New South Wales, has outlined its strategy to support the development of a commercial hydrogen industry.

The state has already pledged $70 million to develop hydrogen hubs in the state. Additionally, on Wednesday, the government announced the following incentives:

  • Exemptions for green hydrogen production from government charges;
  • A 90% exemption from electricity network charges for green hydrogen producers who connect to parts of the network with spare capacity;
  • Incentives for green hydrogen production; and
  • A hydrogen refuelling station network to be rolled out across the state.

NSW Premier Dominic Perottet, who has ascended to the top job recently after Gladys Berejiklian resigned following the news that the Independent Commission against Corruption was investigating her, said the Hydrogen Strategy would help to attract investment and create more jobs even as the state slowly emerges from a lockdown.

On Monday, 70% of the NSW population over the age of 16 had been fully vaccinated against COVID-19, and some of the restrictions, in place since June, were relaxed.

“Australia has an opportunity to be an energy superpower, New South Wales will lead the country with this hydrogen strategy,” Perrottet said in a statement.

“Our major trading partners see hydrogen as part of their energy future, this state has the skills, infrastructure and renewable energy resources to compete globally in this new industry.”

Treasurer and Energy Minister Matt Kean, a pivotal figure in the state's climate initiatives under Berejiklian, said the strategy, which would provide up to $3 billion in incentives, was forecast to boost the NSW economy by more than $600 million by 2030.

“Hydrogen will not only help the state halve our emissions by 2030 and get to net zero by 2050, it will create new opportunities for our heavy industry, and an economic bonanza of investment and jobs,” he said.

“This strategy is forecast to more than halve the cost of green hydrogen production in NSW and will make NSW the best place to invest in hydrogen in the world.”

The statement said businesses which wished to participate in the hydrogen hubs could submit an expression of interest by the end of the month.


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Sam Varghese

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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