The Victorian government has set aside $7.2 million to provide businesses with trials, pilots, and feasibility studies to help them migrate to hydrogen as a clean energy alternative fuel.
Lily D’Ambrosio, the Minister of Energy, Environment, and Climate Change, announced two new grant programs to help the industrial sector prepare for renewable hydrogen by sponsoring a number of projects.
The government will invest $6.2 million in the Renewable Hydrogen Commercialisation Pathways Fund and an extra $1 million in the Renewable Hydrogen Business Ready Fund to help enterprises establish business strategies to utilise hydrogen.
The funds are part of a variety of activities listed in the Renewable Hydrogen Industry Development Plan and are financed through the $10 million Accelerating Victoria’s Hydrogen Industry package.
Victoria’s plans for a renewable hydrogen industry will help the state cut its emissions in half by 2030.
On the announcement, Lily D’Ambrosio, Minister for Energy, Environment and Climate Change, said, “We are making it easier for businesses and industry to push the frontiers of renewable hydrogen and embrace this clean energy alternative.
“Victoria’s renewable hydrogen sector will see our state lead the way in this emerging technology, while also creating new jobs, and keeping us on track to halve our emissions by 2030.
“Renewable hydrogen is a key player in Victoria’s clean energy transition, ensuring we’re well on track to meet our renewable energy targets and our ultimate goal of net-zero emissions by 2050.”