Green Hydrogen NewsGreen Hydrogen News
    LinkedIn X (Twitter) YouTube Facebook
    Trending
    • TritenIAG Supports Green Hydrogen Project Nujio’qonik
    • APEX Conducts Feasibility Study for H2 Alliance Osnabrück
    • Canada’s Researchers See Ammonia as Bridge to Green Hydrogen Future
    • Kazakhstan Signs Framework Agreement for Hydrogen Locomotives and Engineering Centre
    • West Africa’s Journey Towards Green Hydrogen
    • France Allocates €700 Million to Support Hydrogen Production in 2024
    • Ecoinversol, Campillo Palmera, and Alpiq Join Forces for Hydrogen Transformation
    • NSW’s Hunter Valley Hydrogen Hub Gets Govt Boost
    LinkedIn X (Twitter) YouTube Facebook
    Green Hydrogen NewsGreen Hydrogen News
    • NEWS
      • Authorities
      • Blitz
      • Breaking News
      • Finance
      • Jobs
      • H2 Plant
      • Politics
      • Press Release
      • Sponsored
      • Stock
      • Tenders
      • Video
    • HYDROGEN
      • Aviation
      • Electrolyzers
      • Fuel Cells
      • Green Hydrogen
      • Hydrail
      • Innovation
      • Pipelines
      • Projects
      • Stations
      • Storage
      • Technology
      • Vehicles
    • SPOTLIGHT
      • Analysis
      • Interviews
      • Podcast
      • Research
      • Reviews
      • Specials
      • Webinars
    • REGIONAL
      • Africa
      • Americas
      • Asia
      • Europe
      • Middle east
      • Pacific
    • CONTACT
    • ADVERTIZE
    • SUBSCRIBE
    Green Hydrogen NewsGreen Hydrogen News
    Home Home - Green Hydrogen
    Australia hydrogen

    Unveiling Australia’s Hydrogen Future: Taxpayers, Technology, and Trade-offs

    Arnes BiogradlijaBy Arnes Biogradlija23/06/20233 Mins Read
    Share
    LinkedIn Twitter Facebook Email WhatsApp Telegram

    Australia’s future is becoming increasingly entwined with the promise of hydrogen as a renewable energy source. However, as this fledgling industry begins to take flight, taxpayers are asked to bear the burden of long-term tax breaks without a clear timeline for the sector to become self-sustainable.

    Jo Evans, the deputy secretary at the Department of Climate Change, Energy, the Environment and Water, acknowledged this uncertainty during a federal inquiry, “We don’t know at what point they’ll be able to make a profit.” Nevertheless, she highlighted that the aim isn’t to create an industry perpetually reliant on subsidies, but rather to reduce costs and ensure viability in the long run.

    According to Peter Mayfield, CSIRO’s executive director, the path to lowering production costs lies in achieving more affordable electricity and improving the efficiency of electrolyzers, the core technology in low-emission hydrogen production. The scientific community is also investigating concentrated solar power or solar thermal, as a potential source of high temperatures necessary for industrial processes.

    While Australia is entering a race already featuring strong competition from the United States and Europe, its recent budget earmarked $2 billion for green hydrogen production, free from constraints on whether it’s intended for domestic use or export. The Hydrogen Headstart program, set to support two or three flagship projects requiring up to 1000 megawatts of electrolyzer capacity by 2030, positions Australia as an early bird in this alternative fuel space.

    The program aims to bridge the gap between the production cost of alternative fuel and the price the market is willing to pay. Importantly, officials have confirmed that the focus remains on green hydrogen and its derivatives such as ammonia, despite voices advocating for gas-derived hydrogen.

    As global heavy industries strive to decarbonize, partnerships have been forged with Japan, South Korea, Singapore, Germany, India, and the United States. Sam Lowe, the project director, highlighted the potential for a domestic market for hydrogen use in industrial processes and transportation, embracing a “use it where you make it” approach.

    While plans for the plants are still on paper, once operational, they will receive taxpayer-funded production credits. These payments, set to span a decade from 2026/27 to 2036/37, indicate a significant investment in the sector’s future.

    The department also confirmed ongoing efforts for hydrogen production from other sources, such as blue hydrogen derived from gas and brown hydrogen from coal. This will involve a certificate of origin verifying the fuel source, emissions intensity, and production methods.

    State governments are also backing the emerging industry, supporting all types of hydrogen – green, blue, and brown – through network concessions and streamlined approvals.

    In conclusion, Australia is making strategic strides in embracing hydrogen as part of its energy landscape. However, with the costs currently borne by taxpayers, the challenge lies in balancing financial burdens with the urgent need for renewable energy solutions.

    green hydrogen hydrogen
    Share. LinkedIn Twitter Facebook Email

    Related Posts

    TritenIAG Supports Green Hydrogen Project Nujio'qonik

    TritenIAG Supports Green Hydrogen Project Nujio’qonik

    28/09/2023
    egypt

    APEX Conducts Feasibility Study for H2 Alliance Osnabrück

    28/09/2023
    hydrogen

    Canada’s Researchers See Ammonia as Bridge to Green Hydrogen Future

    28/09/2023
    hydrail

    Kazakhstan Signs Framework Agreement for Hydrogen Locomotives and Engineering Centre

    28/09/2023
    green hydrogen

    West Africa’s Journey Towards Green Hydrogen

    28/09/2023
    hydrogen

    France Allocates €700 Million to Support Hydrogen Production in 2024

    28/09/2023
    TritenIAG Supports Green Hydrogen Project Nujio'qonik

    TritenIAG Supports Green Hydrogen Project Nujio’qonik

    28/09/2023
    egypt

    APEX Conducts Feasibility Study for H2 Alliance Osnabrück

    28/09/2023
    hydrogen

    Canada’s Researchers See Ammonia as Bridge to Green Hydrogen Future

    28/09/2023
    hydrail

    Kazakhstan Signs Framework Agreement for Hydrogen Locomotives and Engineering Centre

    28/09/2023

    Subscribe to Updates

    Get the latest news from the hydrogen market subscribe to our newsletter.

    Final Transparent Green Logo (horizontal)-desktop version (RGB)
    LinkedIn X (Twitter) Facebook YouTube

    News

    • Inteviews
    • Webinars
    • Hydrogen
    • Spotlight
    • Regional

    Company

    • Information
    • Advertising
    • Media Kits
    • Contact Info
    • GDPR Policy

    Subscriptions

    • Subscribe
    • Newsletters
    • Sponsored News

    Subscribe to Updates

    Get the latest news from EnergyNewsBiz about hydrogen.

    © 2023 EnergyNews.biz
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version