Contact Energy and Meridian Energy want to develop the world’s largest green hydrogen plant in Southland, New Zealand – and McKinsey & Co believe it has potential to earn hundreds of millions in export revenue.
The duo today (July 22) said it is seeking registrations of interest to construct the project.
Ahead of developments, Contact Energy and Meridian commissioned McKinsey & Co to produce a report which investigates the use of renewable energy in Southland to produce green hydrogen at scale.
Within the report, McKinsey & Co estimate that global hydrogen demand could increase more than sevenfold to 553 million tonnes by 2050, with Southland holding great potential to be at the forefront of such growth opportunity.
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