Australian first: Government creates $300m fund for hydrogen projects

The Australian Government is backing the country to become a world leader in hydrogen production and exports by establishing a $300m fund dedicated to hydrogen projects – a first for the government.

The Advancing Hydrogen Fund will finance projects focused on growing a clean, innovative and competitive hydrogen industry in Australia.

The Fund will back projects that align with priorities under the National Hydrogen Strategy, including areas such as advancing hydrogen production, developing export and domestic supply chains, establishing hydrogen hubs and backing projects that build domestic demand for hydrogen.

Administered by the Clean Energy Finance Corporation (CEFC), the Fund will provide concessional finance for projects that will support a national hydrogen industry.

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