Hydrogen investment in Australia tops $250b

More than $250 billion has been pledged to develop hydrogen as a zero emission energy source in Australia, analysis by PwC shows.

With heightened interest in the industry, PwC said 90 hydrogen projects are in the pipeline and these would require at least $250 billion of investment. The bulk of the spend would come from the 20 largest developments. “We need a timely and robust regulatory framework that will give industry the confidence to develop the infrastructure, reputation, people and export pathways that will ensure we are globally competitive.

PwC said increased zero emission energy generation would significantly reduce costs, while the cost of electrolysers – units where electricity is used to split water into hydrogen and oxygen – is falling, a trend expected to rapidly increase as production is industrialised.Companies including Fortescue Future Industries have committed to building electrolyser factories to meet the growing demand.It will produce its first electrolysers in early 2023.

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