Energy Club

Northern Territory

  • Home
  • News
  • Green hydrogen projects crowd for ARENA funding

Green hydrogen projects crowd for ARENA funding

05 Jun 2020 11:57 AM | Sonia Harvey (Administrator)

MORE than A$3 billion of renewable projects are vying for funding from the Australian Renewable Energy Agency’s A$70 million green hydrogen fund.

The fund was announced in April to help fast track the development of renewable hydrogen, and closed several weeks ago with ARENA receiving 36 expressions of interest in the round. 

The funding round is expected to play a significant role in supporting commercial-scale deployments of renewable hydrogen in Australia help meet energy minister Angus Taylor's goal of hydrogen production for under A$2 a kilo or ‘H2 under $2'.

"The strong interest in the Morrison government's Renewable Hydrogen Deployment Funding Round shows Australian industry is ready to co-invest with government and build a sustainable hydrogen sector," Taylor said today. 

Labor's climate spokesman Mark Butler said the massive oversubscription was evidence the government underestimates the potential of Australia's green hydrogen sector. 

"The scheme was oversubscribed and underfunded," he said. 

"The Morrison government never had any intention to properly invest in hydrogen development."

ARENA aims to use the funding round to support two or more large scale renewable hydrogen projects with electrolysers of a minimum 5 megawatt capacity with a preference for 10MW or larger. 

The expressions of interest include over $1 billion in total grant requests, over $3 billion in total combined project value and almost 500MW of electrolysis capacity. 

ARENA said projects selected in the funding round can also be considered for further financing from the government-backed Clean Energy Finance Corporation under its own $300 million Advancing Hydrogen Fund.

ARENA said it will now assess the expression of interest and invited shortlisted projects to submit a full application with the goal to award funding by the end of the calendar year. 

Source: Energy News Bulletin

Read more here


Energy Club NT is an Incorporated Association 

The information contained in this website is for general information purposes only. The information is provided by Energy Club NT Inc and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Through this website you are able to link to other websites and files which may not be owned, authored or under the control of Energy Club NT Inc. We have no control over the nature, content and availability of other websites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

Powered by Wild Apricot Membership Software