The Port of Newcastle will receive federal funding
Australia funds two hydrogen hubs
Funding of A$82mn will be split equally between the Port of Newcastle’s hydrogen hub and Origin Energy’s Future Fuels H2 hub
The Australian government will provide A$82mn ($59mn) to two hydrogen hub projects in the Hunter Valley as the nation looks to develop its status as a global exporter of the fuel. The funding will be split equally between the Port of Newcastle’s hydrogen hub, which has a project value of A$163mn and Origin Energy’s Future Fuels H2 hub, which has a project value of over A$200mn. “Australia will be a world leader in hydrogen development and exports, and the Hunter region is critical to realising our nation’s potential,” says Prime Minister Scott Morrison. The Port of Newcastle hub is a joint venture between investor Macquarie Capital and Macquarie-owned Green Investment Group and is currently
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