Establishing a local green hydrogen industry and stimulating demand are two key focuses of a new scheme released today by the Rockliff Liberal Government.
Minister for Energy and Renewables, Nick Duigan, said the $8 million Green Hydrogen Price Reduction scheme would help create both supply and demand for locally made green hydrogen.
“The price reduction scheme will stimulate demand for green hydrogen as an alternative to fossil fuels while also assisting with the cost of local production,” Minister Duigan said.
“By bringing the sale price down to a competitive level, industries will be encouraged to consider Tasmanian hydrogen for their fuel and energy needs.
“The Rockliff Liberal Government has a long-term plan to grow our economy and create jobs and a local green hydrogen industry will stimulate the renewables jobs of the future.
“This will also ensure that a sale price for green hydrogen is established and maintained for a number of years, bringing more stability for end-users.”
The successful applicants will receive funding on a per kilogram basis of green hydrogen sold to end-users.
Minister Duigan said eligible projects must produce and supply green hydrogen in Tasmania targeting 2025 commencement with all hydrogen to be sold locally.
“The development of a local market for the use of locally produced renewable hydrogen will play a critical role in establishing a viable renewable hydrogen industry in Tasmania,” he said.
“This scheme complements the Government’s $300 million commitment to build open access infrastructure that will support export scale green hydrogen production at the Tasmanian Green Hydrogen Hub in Bell Bay.
“It will be another step in the Rockliff Liberal Government’s plan to become a leader in green hydrogen production.”
The funding round also offers the opportunity for small to medium businesses to develop partnerships with potential local hydrogen producers.
Applications officially open today and close at 2pm on 6 Deccember 2023.
Guidelines and application documents are available on the Renewables, Climate and Future Industries website at recfit.tas.gov.au/future_industries/green_hydrogen/ghprs.
