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New open-source economic model for hydrogen developed in Australia; predicts A$2 per kg of hydrogen could be achieved sooner

New open-source economic model for hydrogen developed in Australia; predicts A$2 per kg of hydrogen could be achieved sooner

Monash University in collaboration with Geoscience Australia have developed an open-source economic model to assess the financial viability of potential hydrogen operations across Australia.

The Hydrogen Economic Fairways Tool (HEFT) is a free online tool with the ability to conduct a detailed geospatial-financial analysis of future large-scale hydrogen projects.

Read more: Green hydrogen already approaching cost-competitiveness in Australia, says new study

With this new tool, the government’s goal of producing hydrogen for less than A$2 ($1.5) per kg could be achieved much sooner than intended.

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