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Queensland state budget reflects hydrogens prosperous future

Queensland state budget reflects hydrogens prosperous future

The Queensland state budget has reflected the major role that hydrogen could have in the state’s economy in the future with a new A$2bn ($1.54bn) Queensland Renewable Energy and Hydrogen Jobs Fund.

Within the budget, A$2m ($1.54m) has been allocated as part of an overall contribution of $20m for the completion of the Hydrogen Training Centre of Excellence at the Queensland apprenticeship centre at Beenleigh.

In addition to this, a new A$2bn ($1.54bn) Queensland Renewable Energy and Hydrogen Jobs Fund will be established to expand on the previous A$500m ($384m) Renewable Energy Fund.

The fund will enable investments by the Queensland government own energy businesses in commercial renewable energy and hydrogen projects, as well as supporting infrastructure, and assist Queensland in achieving the 50% renewable energy target by 2030.

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