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Australia’s Northern Territory releases Renewable Hydrogen Master Plan to unlock $3.5bn for the economy

Australia’s Northern Territory releases Renewable Hydrogen Master Plan to unlock $3.5bn for the economy

The Northern Territory of Australia is set to receive a huge boost to its hydrogen ecosystem with its government releasing a Renewable Hydrogen Master Plan to guide its development and unlock AUS$3.5bn ($2.5bn) for the economy.

It is expected that the masterplan will build on the Governments 2019 renewable hydrogen strategy vision with the Northern Territory well placed to position itself at the forefront of the hydrogen economy.

Read more: Northern Territory reveals Renewable Hydrogen Strategy
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Darwin Hub to enable the development of an interconnected hydrogen industry through new potential partnership

This is primarily due to the regions high areas of land, high solar irradiance, close proximity to export markets and an already established energy production and export industry.

The plan is separated into two parts: laying the foundations and scaling to export renewable hydrogen.

Part one will build the Territory’s competitive advantage and identify areas that require further development to optimise government and private sector investment.

To do this, the Territory will focus on building the foundations to support the growth of a local renewable hydrogen industry and create opportunities for the early adoption of renewable hydrogen as a fuel source.

Part two will be based on a detailed assessment of the international hydrogen market and supply chains.

This will reflect the nascent and developing nature of the renewable hydrogen industry and provides opportunity for the Territory to consider the alternative development pathways available to scale to export which could emerge as the industry and technology matures.

Should the masterplan’s vision be realised, it could help unlock AUS$3.5bn ($2.5bn) for the economy providing additional jobs for the region and drive emission reductions.

You can find the masterplan here.

US DOE, General Motors, Microsoft and Plug Power

What does the US Department of Energy (DOE), General Motors, Microsoft and Plug Power have in common? They’re all speaking at H2 View’s North American Virtual Hydrogen Event in October. Will you be joining us on October 19?

North America is in a prime position to lead efforts in decarbonisation, but it still has great distances to travel. The region has been giving chase in a race to green hydrogen dominated by Europe and Asia-Pacific. If policymakers and industry can work together and take the right steps to realise a hydrogen vision, the region is perfectly placed to expand its global energy leadership at scale and speed.

What lessons can be learned from Europe’s policymakers? What are the challenges to be overcome? What are the strengths and opportunities? How can North America go from giving chase to taking a lead in hydrogen? These are all questions our virtual event will address across H2 View’s four pillars of Mobility, Power, Policy and Technology.

Further information on the event, agenda and confirmed speakers can be found here.

To book your virtual delegate pass, click here.


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