PE Live: Government support essential to Asia-Pacific hydrogen

Australian and Singaporean national strategies look set to reward countries with leading roles in the sector and help establish a regional market

Government support will be essential to the creation of a hydrogen economy in the Asia Pacific region while market competition will determine which technologies win out, according to a panel of experts on a PE Live discussion last week. Government support will be “fundamental to getting the industry going quickly”, according to Australia-based Jeremy Hasnip, head of power and renewables at Japanese bank Sumitomo Mitsui Banking Corporation. The Australian government declared in its National Hydrogen Strategy that it intends to become a major global player in the industry by 2030. A giant green hydrogen project in Western Australia recently won major project status from the government, which w