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Newcastle Herald
Newcastle Herald
National
Matthew Kelly

Hunter to reap benefits of NSW hydrogen strategy

The Hunter is in the box set to benefit from the State Government's green hydrogen strategy that is offering $3 billion worth of incentives and seeking to attract $80 billion in new hydrogen infrastructure as it accelerates its shift to zero emissions.

The plan seeks to drive "deep carbonisation" and position the state as a green energy superpower.

"Our 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," Premier Dominic Perrottet said.

The state government committed $70 million in March towards the establishment of green hydrogen hubs in the Hunter and Illawarra as part of the Net Zero Industry and Innovation Program.

In addition, the federal government has also declared the Hunter as one of seven national hydrogen hubs that will supercharge the development of a multi-billion dollar export industry.

The Hunter was chosen due to the high level of existing interest from industry stakeholders, the region's skills and research capabilities, infrastructure and resources.

The other hubs will be located at Bell Bay (Tasmania), Darwin (Northern Territory), Eyre Peninsula (South Australia), Gladstone (Queensland), La Trobe Valley (Victoria), and Pilbara (Western Australia).

Treasurer 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.

"Hydrogen 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," Mr Kean said.

"This 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."

Fortescue Future Industries Chairman and Founder, Dr Andrew Forrest AO said: "I am delighted with NSW's historic hydrogen strategy and ambition to set itself up as an energy and economic superpower.

"NSW is taking a state leadership position providing clear pathways for how renewable hydrogen can deliver for Australian businesses, Australian jobs, communities, and our children's future.

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