According to PwC, the total domestic infrastructure expenditure needed to store, transport, and distribute hydrogen to fully exploit Australia’s potential to become the dominant East Asian exporter by 2030 may be as high as $80 billion.
Trojan is still miles ahead of the pack, having established itself as Australia’s first molecular storage, haulage, and distribution business.
With the rapid growth of hydrogen hubs across the world, a safe, efficient, and cost-effective logistics solution for transporting hydrogen is needed.
Trojan has signed two separate agreements with major industry suppliers to help address this rising yet unmet need.
Trojan has signed a memorandum of understanding (MoU) with suppliers for the supply of 100 LH2 Fuel Stations, as well as a $US2.8 million ($3.6 million) deal to purchase two ADR-approved liquid hydrogen trailers with a capacity of 55,000 litres (nearly 4 tonnes).
This is supposed to be the launch of a 1,000-truck H2 fleet that will be deployed across Australia.
Trojan has also signed a memorandum of understanding with a second market leader for the supply of 50 hydrogen prime movers.
If demand continues to be high, the company intends to purchase another 1,000 vehicles.
Currently, this supplier is supplying heavy trucks that can load 50 tonnes at a time. The vehicles’ industry-leading hydrogen fuel cells have a 600-800km driving range per refueling.
According to PwC, the global hydrogen market will “boom” between 2030 and 2050.
According to PwC, the most common end uses for hydrogen in Australia would be as a blended gas and a transportation fuel, but there are many other investment opportunities in a variety of sectors.
Because of their ambitious hydrogen goals, Japan and South Korea, in particular, pose a multibillion-dollar market for Australia’s export industry in the long run.
According to PwC, global hydrogen demand is currently about 70 million tonnes, mainly for use in oil refining and fertiliser processing. The hydrogen market is currently valued at about $135 billion dollars.
By 2030, global demand is expected to reach 100 million tonnes, and by 2050, it will exceed 500 million tonnes.
However, global hydrogen production is currently primarily derived from fossil fuels (natural gas or coal), a method that produces significant CO2 emissions and is referred to as “grey” hydrogen.
However, as they aim to meet their zero-emission goals, policymakers around the world have set their sights on ‘green’ hydrogen as a key contender in the renewable energy mix.
Green hydrogen is made from carbon-free renewable energy sources such as water electrolysis, or from other renewable sources such as biomass.
Green hydrogen could supply up to 25% of the world’s energy needs by 2050, according to Goldman Sachs, making it a $US10 trillion global market.
Green hydrogen, on the other hand, necessitates transportation infrastructure that is stable, losses-free, reliable, and cost-effective.
Hydrogen is expected to be transported in the United States through pipelines – either newly constructed or modified existing pipelines – or by storing and transporting hydrogen in the form of gas, liquid, or fuel cells.
