The Queensland Government has released its $19 million plan to help establish a hydrogen industry in the state.
The Queensland Hydrogen Industry Strategy 2019-2024 lays out the state’s plan to facilitate hydrogen as a new energy source, including investing $15 million to support an industry development fund.
The strategy is focused on five areas:
- supporting innovation
- facilitating private investment
- effective policy frameworks
- building community awareness and
- facilitating skills development.
Queensland Premier Annastacia Palaszczuk said the fuel could be as beneficial to the state’s economy as natural gas has been.
“In the 60s it was the space race. This century is all about energy,” she said.
“Queensland is at the forefront of hydrogen development.”
Queensland Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick said the said the five-year plan would help drive the development of a sustainable and competitive industry.
“The energy production from renewable hydrogen is something that has long been possible; however, conditions are now more favourable for this industry to develop locally,” he said.
“Global demand for hydrogen is increasing, with the market expected to reach $US155 billion (AU$223 billion) by 2022, and much of that will be driven by Asia-Pacific markets.
“I’m confident that in partnership with industry, universities and research institutes, we can develop a world-class renewable hydrogen industry here in Queensland.”
Mr Dick said he would be meeting with business leaders and energy companies in Japan this week to discuss hydrogen opportunities, with Queensland having celebrated its first export of green hydrogen to the country in March this year.
“Our challenge is to leverage our advantages and innovation to make the production, storage and transportation of hydrogen possible and ensure Queensland continues to be a first-class supplier of energy,” he said.
For more information visit the Queensland Government website.
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