Sydney, the state capital for New South Wales
Industry welcomes New South Wales hydrogen strategy
Aim is to halve cost of green hydrogen production in the region from $A8.6/kg to under $A2.80/kg by 2030
Australia’s energy industry has welcomed the launch of the New South Wales (NSW) hydrogen strategy, saying it is a clear demonstration that the state government is serious about using hydrogen to meet its decarbonisation goals. The strategy will see the provision of up to A$3bn ($2.24bn) of incentives and aims to halve the cost of green hydrogen production in the region from $A8.6/kg currently to under $A2.80/kg by 2030. It also aims to produce 110,000t/yr of green hydrogen from 700MW of electrolysers by 2030. Andrew Forrest, chairman of energy firm Fortescue Future Industries, welcomes the strategy as key to his firm’s plans to increase production. “NSW is taking a state leadership position
Also in this section
11 December 2024
With a new president and new Congress imminent, attention must turn to the next stage of hydrogen development
11 December 2024
Road transport seen as most promising consumer of rapidly expanding electrolytic hydrogen production
9 December 2024
Editor-in-chief recognised by Cititec as among the 50 voices in commodities worth following
5 December 2024
The new edition of Outlook, our annual publication about the year ahead for energy, produced in association with White & Case, is available now
