The clean hydrogen industry is enjoying considerable momentum in Australia, with an estimated $1.16bn (AUD$1.5bn) channelled towards progressing clean hydrogen projects since 2018, according to an updated report from HyResource, a knowledge platform supporting the development of Australia’s hydrogen industry.
The investment has largely come from the national government, which contributed a total of $920m. Another $325m came from local governments across six Australian states, and industry or research bodies contributed $245m.
The authors note $263.7m in the national government’s 2021/22 budget for the development of carbon capture and storage projects, to make ‘blue’ hydrogen from natural gas. Beyond this, the report centres on ‘green’ hydrogen production from renewable energy-powered electrolysis (apart from one coal gasification and one biomethane project).
According to HyResource, there are 61 clean hydrogen projects operating across the country. Regionally, Western Australia leads the way with 19 projects, followed by Queensland and Victoria with 18 and 6, respectively.