$464 million in grants to kickstart hydrogen industry
This is pretty silly. It is true that burning hydrogen produces no pollution but obtaining the hydrogen does. Whether it is extracted from natural gas or produced by electrolysis, it is an industrial process that uses a lot of energy.
And once you have the hydrogen you need a heavy and expensive pressure vessel to transport it -- and that uses up energy too. And the vessels do explode sometimes, dangerously
The state’s first test-run Hydrogen refuelling station opened in Redlands today with one of the state’s first hydrogen cars getting a tank of fuel made from Queensland sunshine.
Queensland’s burgeoning hydrogen industry will get a cash injection in a bid to get manufacturing plants running and create a global export hub.
Gladstone has been singled out as one of seven regions to be prioritised for $464 million in grants to help build pilot projects, set up joint ventures, secure supply chains and get production up and running.
Prime Minister Scott Morrison will today announce the cash, saying it will help establish new export industries and set up Australia to supply energy to the growing market in southeast Asia.
The scheme is in addition to the announcement last week for a large-scale renewable hydrogen plant to be built near Gladstone by electricity generator Stanwell, as well as federal, state and other corporate backers.
It’s location near a port, water and high-capacity electricity generation has put the central Queensland city in prime position to take part in a hydrogen boom.
The Clean Hydrogen Industrial Hubs grants will open next Tuesday, September 28, and will include grants of up to $3 million for research and development projects, and a second stream of up to $70 million to rollout hydrogen hubs.
Industry applicants will have to stump up at least half the cash for the proposal, with the grants only to cover 50 per cent of the cost.
Mr Morrison said the funding was about fast-tracking the development of the emerging technology.
“Our plan to invest and develop low emissions industries will mean more jobs for Australian workers, particularly in our regions, cheaper energy for businesses and lower emissions,” he said.
Energy Minister Angus Taylor said the hydrogen industry was expected to create 8000 jobs and generate $11 billion a year by 2050.
“A thriving hydrogen sector will help Australia to achieve its emission-reduction goals while continuing to grow our economy and support existing industries,” Mr Taylor said.
There are a range of hydrogen projects already starting in Queensland, including the Stanwell project, Dyno Nobel’s study producing renewable hydrogen at Moranbah and QUT research into renewable energy hybrid systems to generate hydrogen.