In an effort to turbo charge the adoption of reenwable hydrogen, the NSW government has launched a new collaboration platform.
This platform will work like a Tinder for renewable hydrogen producers and potential customers. The new platform, will help link emerging producers of hydrogen with industrial energy users looking to decarbonise their energy supplies, boosting demand for the zero emissions fuel, particularly amongst large industrial energy users.
“Green hydrogen will play a massive role in our future economic prosperity and decarbonising our economy. We know that the best way to make green hydrogen commercially viable in Australia and NSW is to get to scale as quickly as possible. We also know our hydrogen hubs have the potential to become clean manufacturing powerhouses and we need to move fast, but that challenge is too big for one business alone,” Matt Kean, energy minister for New South Wales said in a statement.
That is the reason for NSW government to bring decision-makers and investors who want to deploy hydrogen into their businesses and industries together to help deliver hydrogen in a way that will drive scale, reduce costs, focus innovation and grow its workforce capabilities, added Kean.
Hydrogen is beginning to emerge as an important part of the clean energy mix needed to ensure a sustainable future. It can also help improve air quality and strengthen energy security.
Falling costs for hydrogen produced with renewable energy, combined with the urgency of cutting greenhouse-gas emissions, has given clean hydrogen unprecedented political and business momentum, according to a report by International Renewable Energy Agency (IRENA).
NSW gov roadmap for low emissions tech
In March, Miniaster Kean travelled to BlueScope in Port Kembla and announced a $750-million programme to help businesses develop low emissions technologies.
It was a part of the Minister’s plans to move the state towards a net-zero target by 2050. Industries like green hydrogen will be targeted in the $175 million to establish low-carbon industries.
Further, clean technology will be equipped with a $195 million war chest made available for research into the creation of a decarbonisation innovation hub, along with developing low emissions standards and sustainable finance services.