Hydrogen has the potential to make a substantial contribution to our clean energy transition reducing emissions across the economy while underpinning the development of an important domestic and export industry.
Renewable hydrogen can enable the deep decarbonisation of notoriously difficult-to-abate sectors, particularly in transport and manufacturing, while accelerating the contribution of renewable energy across the economy.
Through the $300 million Advancing Hydrogen Fund, the CEFC is working to support the growth of a clean, innovative, safe and competitive Australian hydrogen industry. Eligible projects can include advancing hydrogen production, developing export and domestic hydrogen supply chains and establishing hydrogen hubs.
"Renewable hydrogen can enable the deep decarbonisation of notoriously difficult-to-abate sectors, particularly in transport and manufacturing."
The fund can also consider investing in infrastructure for a hydrogen export industry as well as projects that assist in building domestic demand for hydrogen.
Learn more about the future of hydrogen in Australia in this report by CEFC entitled, “Australian hydrogen market study.” Download the report here.
***
Ian Learmonth, CEO, Clean Energy Finance Corporation will be speaking at the Impact X Summit Sydney 2021: Climate Growth and Accelerating Pathways to Zero Emissions. Click here to register.
