Tasmania’s natural advantages and existing renewable resources perfectly positions the Australian state to largely benefit from the emerging global hydrogen industry.
That’s according to the draft Tasmanian Renewable Hydrogen Action Plan released today, which outlines Australia’s vision to become a world leader in large-scale renewable hydrogen production by 2030.
The report highlights Tasmania’s visions and goals, key advantages for hydrogen deployment, and hydrogen action plan, as well as identifying the benefits of a large-scale renewable hydrogen industry and the emerging hydrogen opportunity.
According to Guy Barnett, Minister for Energy, “With future wind farm and pumped-hydro developments alongside out Battery of the Nation and Marinus second interconnector projects, Tasmania is well placed to be a major producer of renewable hydrogen long-term.”
“Reports show a 1,000 megawatt facility – equivalent to supplying around one million homes – could be feasible by 2030, creating an estimated 1,200 regional jobs, and supporting a further 2,000 megawatts of renewable energy investment in our state.”
The production of renewable hydrogen in Tasmania has the potential to be up to 15% cheaper compared to production from the mainland power grid, and up to 30% cheaper to produce than from the dedicated off-grid renewable sources.
“With emerging industries in Japan, South Korea and China, Tasmania has received significant interest from a range of proponents seeking emissions-free hydrogen at competitive rates.”
Alongside the Tasmanian Renewable Hydrogen Action Plan, released by the Tasmanian Government, Hydro Tasmania also released new analysis which highlights the states unique position to lead the nation in the production of green hydrogen from clean energy sources.
The Australian clean energy company looks at the states strong competitive advantages to meet domestic and global demand and become Australia’s first green hydrogen production zone.
“Our analysis indicates that green hydrogen can be produced in Tasmania for approximately 10-15% less than other Australian power grids need to offset emissions and 20-30% less than from dedicated off-grid renewables, due to the high plant utilisation that can be supported by Tasmania’s hydropower,” said Steve Davy, Hydro Tasmania’s CEO.
“As Australia’s largest generator of clean renewable energy, Hydro Tasmania stands ready to support the development of a green hydrogen industry in the state.”