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Hydrogen plant in South Australia could have made $2.3m profit last summer
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Hydrogen plant in South Australia could have made $2.3m profit last summer

If a hydrogen plant had been operational in South Australia this summer, it could have made a profit of $2.3m – that’s according to research released today (20th April) by Cornwall Insights Australia.

This figure is based on a 20% utilisation and includes the expected quarterly repayment on the $593m of government debt with interest, operating costs and the net cost of the energy.

© AEMO Data and Cornwall Insight

In addition to this, the report states that if the plant had been available last summer (2020), it could have made $47m profit opposed to a $2.3m loss in summer Q1.

This exhibits the rate at which the hydrogen market is developing, with increased profit shown in this plant, into a lucrative sector and one that governments and companies around the world should take advantage of.

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