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Government announces $300m Advancing Hydrogen Fund

The Australian Government has established funding to support hydrogen-powered projects. The $300 million Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC).

As an early priority, CEFC will seek investment in projects included in the ARENA Renewable Hydrogen Deployment Funding Round. The ARENA round is a $70 million grant program aiming to demonstrate the technical and commercial viability of hydrogen production at a large-scale using electrolysis.

CEFC CEO Ian Learmonth said, ‘Hydrogen has the potential to make a substantial contribution to our clean energy transition, reducing emissions across the economy while underpinning the development of an important domestic and export industry. Hydrogen is an extremely versatile energy carrier which is gaining significant support worldwide as the fuel of the future.’

For more information, see the CEFC website.