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