Australia needs a comprehensive and actionable hydrogen market plan if the country is to build a world-scale hydrogen industry, day one of the Australian Hydrogen Conference was told today.
The Australian Hydrogen Council’s (AHC) first-ever conference, held in partnership with Informa, saw energy experts from around the world debate the future of hydrogen.
The four-day conference (16th – 19th) is taking place virtually in light of the ongoing situation with Covid-19.
“The Australian Hydrogen Council encourages the Federal Government to adopt 2030 as its ‘hydrogen at $2’ target date,” Dr. Fiona Simon, CEO of AHC, said.
“This is because Japan has indicated that it is seeking hydrogen at a production price of $2 a kilo post-2030, and Korea has proposed a goal of $1.70 to $2 a kilo by 2030 as well.”
“We cannot afford to miss this opportunity. This is also because our current export industries are vulnerable to a reduction in demand as countries and companies implement net zero targets.”
The Australian Hydrogen Council believes planning for ‘H2 under $2’ should include clarity on regulations, which would inform the plans and investments of the public and private sector and communities.
“We are very supportive of the Australian Government’s commitment to hydrogen and encourage targeted government policy to drive growth in hydrogen production and use,” Simon continued.
“Partnerships between governments, the private sector and communities are vital for the energy transition, and hydrogen will play a key role.”
The Australian Hydrogen Conference will bring together leading policy makers from government with the best and brightest minds in the hydrogen industry to discuss how the National Hydrogen Strategy sits within the Low Emissions Technology Statement, and other recent policy decisions that have helped accelerate the development of hydrogen in Australia’s future energy mix.
Simon said the advancements in this low emissions, versatile energy carrier could be worth as much as $26bn a year in additional GDP.