Western Australia (WA) has today opened a A$10m Renewable Hydrogen Fund to drive a new job-creating industry harnessing the state’s renewable resources.
The fund will assist projects to develop WA’s renewable hydrogen industry and attract investment in hydrogen infrastructure, with grants from A$300,000 to A$3m available for feasibility studies, demonstration or capital works projects.
The fund forms part of the McGowan Government’s newly released WA Renewable Hydrogen Strategy which will drive WA’s position as a major producer and exporter of renewable hydrogen.
Commenting on the fund, Regional Development Minister Alannah MacTiernan said, “Renewable hydrogen could be the next big job-creating industry for WA, utilising our world-leading renewable energy resources to produce, use and provide energy to our international partners.”
“This fund will help to attract major private sector investment to WA to drive forward the emerging renewable hydrogen industry.”
“The fund will favour those projects that create new jobs, skills and training opportunities – particularly in regional WA.”
“Priority will be given to applications that fall within WA’s four strategic focus areas for investment and demonstrate progress towards meeting the goals identified in the Strategy: export, use of renewable hydrogen in remote applications, blending in the gas network and use in transport.”