New South Wales (NSW) has taken a step forward with its plans for a green hydrogen industry as the Australian state on Thursday (25th Nov) passed the Electricity Investment Bill.

The bill includes a guaranteed $50m in funding over the next 10 years to develop the green hydrogen energy sector together with low cost renewable energy for the emerging industry.

It states that parts of NSW will be designated renewable energy zones (REZ) allowing new investments in wind and solar projects to be coordinated alongside new investments in transmission network infrastructure.

Australian Hydrogen Council CEO Dr. Fiona Simon welcomed the news,“The Australian Hydrogen Council (AHC) is delighted to see NSW take another step towards improving the affordability, reliability, security and sustainability of NSW electricity supply, and forging ahead with its plan to build a green hydrogen industry.”