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NSW government: Hydrogen Hubs show “Market has spoken”

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The first two planned hydrogen hubs have received expressions of interest representing $4 billion in investment and 5,900 megawatts of electrolyser capacity, according to the NSW government.

The government has allocated $70 million to its Hydrogen Hubs program – with the first two planned for the Hunter and Illawarra regions – as part of its target of halving greenhouse emissions by 2030. These aim to make hydrogen more affordable for industrial, transport and energy users by reducing costs through scale and shared infrastructure.

Acting Premier Paul Toole said in a statement on Monday that expressions of interest for the first two hubs showed the revenue and employment benefits from hydrogen. It also represented huge export potential, according to Toole, with green hydrogen expected to meet 24 per cent of global energy demand by 2050, or $900 billion.

Environment minister and treasurer Matt Kean added that the 5,900 megawatts totalled up in the EOIs were more than eight times the government’s target.

“Twenty-one individual projects have told us they want to produce almost 268,000 tonnes of green hydrogen each year, which is enough to fuel 26,000 trucks,” said Kean, adding that “the market has spoken” on hydrogen.  

“Hydrogen is integral to decarbonising many parts of the economy, including heavy industry and heavy transport.”


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