A $100M investment is set for the SA hydrogen hub 

The South Australian and federal governments have reported the finalisation of $100 million in funding for the Port Bonython Hydrogen Hub, supporting the improvement of infrastructure for the state’s first hydrogen export terminal. 

Alongside private area funding, the redeveloped Port Bonython is supposed to have projects worth up to $13 billion and is projected to produce as much as 1.8 million tons of hydrogen by 2030. 

With areas of accessible land and bountiful solar and wind assets, South Australia is prepared to turn into a top-notch, minimal-expense hydrogen provider and the South Australian Government has a comprehensive arrangement to foster a hydrogen industry in the Spencer Gulf, including through its Hydrogen Jobs Plan, which will incorporate improvement of a hydrogen electrolyte, power station and storage facility. 

“Green hydrogen will play a crucial role in our clean energy transformation and will create jobs and spur investment in regional Australia,” said Federal Energy Minister Chris Bowen. 

The Federal Government, through the Net Zero Economy Agency and review of the National Hydrogen Strategy, will consider what is expected to work with hydrogen supply chains. 

The Federal Budget plan distributed $2 billion for a new Hydrogen Head Start program to increase the advancement of Australia’s sustainable hydrogen industry. 

By 2050, Australia’s hydrogen industry is projected to produce $50 billion in extra Gross domestic product and create over 16,000 positions in local Australia. The business is likewise expected to make 13,000 extra positions from the development of an environmentally friendly power foundation to drive hydrogen creation. 

“Our state is blessed with the key ingredients the world needs to carbonise international economies – abundant coincident wind and solar resources, critical minerals, strong renewable energy penetration, and well-developed industrial hubs,” said Premier Peter Malinauskas.