A new CEFC market study shows that green hydrogen is approaching cost-competitiveness in several sectors. Green hydrogen is approaching cost competitiveness for heavy trucking, buses and remote power. It has the potential to become commercially viable across further sectors of transportation as early as 2030.
While hydrogen was closest to achieving commercial parity as an alternative to petroleum products, displacing natural gas provides a potential transitional use to reach scale at pace.
The study also listed the introduction of a Guarantee of Origin certification scheme as an important regulatory development to accelerate the development of the Australian hydrogen industry. A Guarantee of Origin scheme is also identified as a priority action under the Australian Government’s National Hydrogen Strategy.
See the Australian hydrogen market study. (PDF 5.2MB)