Australia invests in hydrogen

Budget for 2022-23 sees A$850mn investment in hydrogen technologies

Australia will invest nearly A$850mn ($635mn) in hydrogen technologies as part of its 2022-23 budget as the nation looks to become a major exporter of the fuel. The federal budget announced this week sets aside A$300mn to support low-emission LNG and clean hydrogen production at Darwin, together with carbon capture and storage infrastructure. It includes A$247mn to support investment in a guarantee of origin scheme for hydrogen, as well as other technologies. A further A$200mn is set aside for hydrogen manufacturing facilities in the Pilbara region. And A$100mn is allocated to the port of Newcastle on the east coast to help make it ‘hydrogen ready’. “Our technology not taxes approach will ma