Australia launches new hydrogen fund

Following the release of Australia’s National Hydrogen Strategy, the Australian Government is launching a funding package focused on growing an innovative, safe and competitive hydrogen industry in Australia.

Along with the $13.4m already provided to implement and coordinate the strategy, the government will reserve $370m from existing Clean Energy Finance Corporation (CEFC) and Australian Renewable Energy Agency (ARENA) funding to back new hydrogen projects.

These funds will come from within the existing allocations to the CEFC and to ARENA.

The CEFC will commit $300m of concessional finance through a new Advancing Hydrogen Fund and ARENA will provide $70m to kick-start electrolyser projects.

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