Author: Anela Dokso

Australia’s ambitious Central Queensland hydrogen project (CQ-H2) has received a significant boost with A$35 million ($23 million) in government funding allocated for initial engineering. The Queensland and federal governments will contribute A$15 million and A$20 million, respectively, towards a A$117 million engineering report for the CQ-H2 project based in Gladstone. The Australian Renewable Energy Agency will administer the federal funding, while the consortium’s investors, including Queensland state-owned power utility Stanwell, and Japanese companies Iwatani, Kansai Electric Power, and Marubeni, will provide the remaining funds. The Australian government’s commitment to supporting projects like CQ-H2 stems from its desire to establish the…

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The European Energy Exchange (EEX) has introduced a groundbreaking green hydrogen price index called Hydrix, aiming to enhance price transparency in the emerging green hydrogen market. Despite the absence of a traded renewable hydrogen market, EEX is taking steps to establish a benchmark for pricing in this sector. Hydrix’s methodology relies on contributions from industry stakeholders, including producers and consumers, who submit their theoretical buy or sell prices in euros per megawatt-hour on a weekly basis. While there are existing price indications from bilateral supply contracts, the index’s goal is to provide a market-based reference point for the pricing of…

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