Hydrogen is a key component of Australia’s plan for net zero, which aims to be at the forefront of a global race to profit from increased demand for the energy source.
Australia and Germany are offering funding totalling about $125 million to hydrogen start-ups to expand, the latest in a flurry of investment in the nascent technology widely tipped to lead the global energy transition.
With Australia looking to grow its budding hydrogen production and Germany looking to source new zero emission energy sources, Commercialisation of the technology is widely seen as possible once hydrogen can be produced for less than $2 a kilogram – H2 under $2, which remains some way off despite significant research and investment.
Companies including Fortescue Future Industries have committed to building electrolyser factories to meet the growing demand.expects to produce its first electrolysers in early 2023.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Aussie VC signs pledge to invest in more female-founded start-upsThe first Australian venture capital fund has signed up to the Beyond the Billion pledge, a global commitment to invest more than $1 billion in female tech founders.
Read more »
AGL rejects second takeover bid with Mike Cannon-Brookes and Brookfield set to walk awayAustralia's biggest power producer AGL Energy rejects a second takeover offer from Mike Cannon-Brookes and his Canadian partners Brookfield Asset Management.
Read more »
AGL rejects higher bid from Mike Cannon-Brookes and Brookfield, potentially ending takeover pushBidders expected to walk away after an offer of $8.25 a share was rejected by the board of Australia’s largest energy company
Read more »
AGL rejects higher bid from Mike Cannon-Brookes and Brookfield, potentially ending takeover pushBidders expected to walk away after an offer of $8.25 a share was rejected by the board of Australia’s largest energy company
Read more »
WA unveils latest bid to entice back interstate travellersWA's latest promotion to entice back travellers from the eastern states after prolonged border closures has been announced - special Qantas fares to Perth from Sydney, Melbourne and Brisbane.
Read more »
Renewable energy microgrid for the DaintreeA renewable energy microgrid, complete with a solar farm, battery and hydrogen plant, will be built for residents in the world-heritage-protected Daintree Rainforest.
Read more »