The CSIRO has today launched the Hydrogen Industry Mission to accelerate key projects and boost research collaborations across the sector.
CSIRO, the Australian Government and partners in research and industry, are investing more than $68 million to support the emerging hydrogen industry. The focus is on bringing down costs of production and distribution, reducing emissions and creating jobs.
The investment complements the $275.5 million announced in the 2021-22 Budget to support the development of regional hydrogen hubs. The government’s total support for Australia’s hydrogen industry is over $900 million.
The Hon Angus Taylor MP, Minister for Energy and Emissions Reduction, said collaboration will help drive down the cost of new hydrogen technologies.
‘Hydrogen offers enormous energy and economic benefits and has the potential to create more than 8,000 new jobs and generate $11 billion a year in GDP by 2050,’ Minister Taylor said.
The Hon Christian Porter MP, Minister for Industry, Science and Technology, said, ‘CSIRO has an exemplary track record of fostering cutting-edge collaborations between government, universities, industry and the community. The Hydrogen Industry Mission is the latest ambitious effort that will see technology help to lower emissions by expanding our clean energy options.’
Hydrogen is a key priority under the government’s Technology Investment Roadmap. The government is seeking to work with industry to lower the cost of clean hydrogen to under $2 per kilogram. This is the point at which hydrogen becomes competitive with alternatives to allow large-scale deployment across the energy system.
The Hydrogen Industry Mission is supported by $38 million from CSIRO, $18 million from industry partners and $12 million from the Australian Government. Over the next five years, the mission will continue to scale up to achieve the H2 under $2 objective.
CSIRO will continue to launch future missions over the next 12 months.
[Image: hydrogen membrane CSIRO]
Ministers’ media release 26 May 2021
Australian hydrogen market study (PDF 5.2MB) CEFC