Woodside Energy invests $40m in hydrogen future

Woodside Energy invests $40m in hydrogen future

Woodside Energy has invested $40m in a seven-year research partnership with Monash University to explore the possibilities of using hydrogen as a source of energy to support Australia’s low-carbon energy transition.

As part of the partnership, Australia’s largest independent oil and gas company will construct a $16.5m state-of-the-art ‘living laboratory’ in the Monash Technology Precinct which houses Australia’s largest concentration of research institutions and leading engineering companies.

Due for completion in early 2020, the building will be one of the world’s most efficient and innovative teaching facilities.

Through the partnership, Monash and Woodside will explore the possibilities of hydrogen and carbon abatement, with a focus on materials, electro-chemical and thermal chemical research.

“We think natural gas, renewables and ultimately hydrogen are all part of the answer to this challenge and we look forward to working with Monash on multiple prongs of the energy transition.”

Woodside CEO Peter Coleman said the new research partnership would deepen a proven relationship.

“Woodside and Monash share a commitment to developing innovative responses to real-world challenges and we recognise that finding a sustainable path to a lower-carbon economy is one of the biggest we face,” he said.

“Our goal through the Woodside Monash Energy Partnership is ambitious but is grounded in reality.”

“It is not simply about shifting to a low-carbon future, but about ensuring that future is achievable and sustainable for industry and for a resource-rich nation like Australia by maintaining a strong economy and the employment that goes with it.”

“We think natural gas, renewables and ultimately hydrogen are all part of the answer to this challenge and we look forward to working with Monash on multiple prongs of the energy transition.”


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