ReNu Energy secures Tasmanian government funding

Green hydrogen project developer ReNu Energy has has entered into a binding Grant Deed with the Tasmanian Government for the award of up to $8 million for its Tasmanian green hydrogen project, to be paid on delivery of green hydrogen to customers.

The funding is being made available through the Tasmanian Government’s Green Hydrogen Price Reduction Scheme (GHPRS), which will use funds from the Tasmanian Renewable Hydrogen Industry Development Fund to stimulate both the supply and demand for green hydrogen.

Under the Grant Deed, ReNu Energy will receive grant funding on a per kilogram basis of green hydrogen sold to end-users to cover the gap between the cost to produce the green hydrogen and what end-users are able to pay.

ReNu subsidiary Countrywide Hydrogen is developing five renewable hydrogen projects, three in Tasmania and two in Victoria.

Countrywide plans an initial two 5MW electrolyser production facilities in Tasmania with refuelling, and a third refuelling site to provide statewide access to hydrogen.

Countrywide Hydrogen’s Tasmanian hydrogen production projects are located at transport hubs servicing Hobart (at Brighton/Bridgewater), Launceston (at Western Junction), and Devonport (at Wesley Vale) servicing the ports of Burnie and Devonport.

The grant funding is subject to ReNu Energy achieving final investment decision for the project by 30 September 2025 and delivery of green hydrogen to customers.

Picture: Countrywide Hydrogen