Academia and industry experts will team up to advance the development of a hydrogen supply chain between Australia and Germany.
The Australian Government has selected a consortium led by the UNSW to deliver the ‘German-Australian Supply Chain Feasibility Study of Hydrogen produced from Renewables’.
This follows the signing of a landmark agreement between Australia and Germany in September 2020 to explore the potential for collaboration on hydrogen supply.
The consortium will work with peers in Germany to analyse the entire hydrogen supply chain.
The Hon Angus Taylor MP, Minister for Energy and Emissions Reduction, said, ‘Investment in clean hydrogen through international cooperation is critical to growing an Australian hydrogen industry, delivering jobs, strengthening our economy, and reducing emissions.’
‘This international partnership will help to lower the price of hydrogen, which will get us closer to our goal in the Technology Investment Roadmap of producing hydrogen for under $2 per kilogram.’
Senator the Hon Simon Birmingham, Minister for Trade, Tourism and Investment, said, ‘This study will help build on existing hydrogen collaborations Australia has with other key energy trading partners including Japan, the Republic of Korea and most recently Singapore, all of which will be critical to building a world-leading hydrogen industry right here in Australia.’
The Hon Keith Pitt MP, Minister for Resources, Water and Northern Australia, said, ‘We have abundant land, abundant energy resources and extensive carbon storage reservoirs, coupled with long standing experience and an excellent track record and reputation as a global energy exporter.’
Australia’s future hydrogen industry has the potential to generate around 8,000 new jobs by 2050, many in regional Australia, with exports estimated to be worth around $11 billion a year in additional GDP.
See the Ministers’ joint media release for more information.