Australian hydrogen industry could generate AUD$40bn in GVA by 2040, says NERA report

A new report by National Energy Resources Australia (NERA) and Arup has suggested Australia’s hydrogen industry has the potential to generate AUD$40bn ($26.8bn) in domestic gross value added (GVA) by 2040.

Dubbed, PoweringUp: Sizing Australia’s Hydrogen Opportunity, the report offered comprehensive analysis of Australia’s hydrogen supply chain and the hydrogen equipment, technology and services (HETS) opportunity from a national perspective.

Among the key findings, the report has said the hydrogen industry is capable of generating nearly 1% of the nation’s GVA, supporting 58,000-72,000 jobs by 2040.

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