NSW is set to attract more than $80 billion of investment, drive deep decarbonisation and establish itself as an energy and economic superpower with today\u2019s launch of the NSW Hydrogen Strategy.
\nPremier Dominic Perrottet said as NSW worked through post-lockdown recovery, hydrogen was an opportunity to drive new investment and help secure jobs right across the State.
\n\u201cAustralia has an opportunity to be an energy superpower, New South Wales will lead the country with this hydrogen strategy,\u201d Mr Perrottet said.
\n\u201cOur major trading partners see hydrogen as part of their energy future, this state has the skills, infrastructure and renewable energy resources to compete globally in this new industry.\u201d
\nDeputy Premier and Minister for Regional NSW Paul Toole said hydrogen was a huge opportunity for regional NSW.
\n\u201cWe know that regional economies are diversifying, and the NSW government\u2019s Hydrogen Strategy is bringing that to life,\u201d Mr Toole said.
\n\u201cPlaces like Parkes, the Illawarra, and the Upper Hunter are uniquely placed to take advantage of these opportunities, with existing supply lines, access to transport links and a skilled workforce ready to make regional NSW a leader in hydrogen technology.\u201d
\nTreasurer and Energy Minister Matt Kean said the strategy, which will provide up to $3 billion in incentives, will set the State up as a global hydrogen leader and is forecast to increase the size of the NSW economy by more than $600 million by 2030.
\n\u201cHydrogen will not only help the State halve our emissions by 2030 and get to net zero by 2050, it will create new opportunities for our heavy industry, and an economic bonanza of investment and jobs,\u201d Mr Kean said.
\n\u201cThis strategy is forecast to more than halve the cost of green hydrogen production in NSW and will make NSW the best place to invest in hydrogen in the world.\u201d
\nFortescue Future Industries Chairman and Founder, Dr Andrew Forrest AO said: \u201dI am delighted with NSW\u2019s historic hydrogen strategy and ambition to set itself up as an energy and economic superpower.
\n\u201cNSW is taking a state leadership position providing clear pathways for how renewable hydrogen can deliver for Australian businesses, Australian jobs, \u00a0communities, and our children\u2019s future.
\n\u201cAt FFI we are doing everything we can as a business to lead the world effort to lower emissions. \u00a0We are planning to deliver 15 million tonnes of renewable green hydrogen to the world by 2030 \u2013 increasing to 50 million tonnes per year thereafter.
\n\u201cWe are committed to working with the NSW Government to support their ambitions and develop Green Hydrogen Hubs together.\u201d
\nIn addition to delivering an already committed $70 million to develop the State\u2019s hydrogen hubs in the Illawarra and the Hunter, the strategy includes:<\/p>\n
Business will be to submit an expression of interest to participate in the hydrogen hubs by the end of October. A copy of the strategy is available\u00a0HERE<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" NSW is set to attract more than $80 billion of investment, drive deep decarbonisation and establish itself as an energy and economic superpower with today\u2019s launch of the NSW Hydrogen Strategy. Premier Dominic Perrottet said as NSW worked through post-lockdown recovery, hydrogen was an opportunity to drive new investment and help secure jobs right across … Continue reading “NSW hydrogen strategy to drive investment, create jobs and power prosperity”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13342","post","type-post","status-publish","format-standard","hentry","category-nswnews"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/13342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=13342"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/13342\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=13342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=13342"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=13342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}