NSW's Premier, Dominic Perrottet has signed off on the country's largest hydrogen strategy as featured in the Sydney Morning Herald.
The hydrogen plan is expected to see green hydrogen jobs in Australia exceed those in the coal industry by 2050.
The article states:
"The NSW government will on Wednesday release the strategy, which it says will set up the state as a “global hydrogen superpower” and grow the NSW economy by more than $600 million by 2030."
The NSW government is offering up to $3 billion in incentives as part of a new hydrogen strategy, which is expected to draw over $80 billion in investments in the hydrogen space by 2050.
The article states:
"The strategy says a green hydrogen industry, which involves using renewable sources such as wind and solar to split hydrogen from water, would pave the way for a net zero emissions future while driving economic growth."
“Australia has an opportunity to be an energy superpower, NSW will lead the country with this hydrogen strategy. 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.”
- Dominic Perrottet, NSW Premier
Matt Kean, Treasurer and Energy Minister, said the strategy would set the state up for the future.
Matt said:
“It sets NSW up to be the leading producer of green hydrogen in the world, drawing on our huge renewable resources and our highly skilled workforces with the industrial capability in the Hunter and Illawarra,
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.
This strategy is forecast to more than half the cost of green hydrogen production in NSW and will make NSW the best place to invest in hydrogen in the world.”
Read the full Sydney Morning Herald article.
Companies In The Renewable Energy Space
Barclay Pearce Capital has a variety of clients in the Renewable Energy Space.
H2X Global Limited
H2X was founded on a shared vision to harness the power of renewable energy to take the automotive sector into industry 5.0. Their mission is to create Australia’s first hydrogen fuel cell electric vehicle manufacturing company.
Verdant Earth Technologies
Founded in 2018, Verdant Earth Technologies is working to achieve net-zero emissions through the development of green hydrogen and renewable energy assets. Why? Because it’s impossible to achieve net-zero emissions by 2050 if we continue to use our resources the way we do today.
Infinite Blue Energy
Infinite Blue Energy is committed and aligned to transitioning WA as an emerging net-zero emissions economy. The company is well placed to be the pioneer in the renewable hydrogen industry in practical and strategic ways.
Sweetman Renewables
Sweetman Renewables Ltd has acquired the sawmilling complex formerly owned by the Sweetman family at Millfield, near Cessnock, New South Wales, Australia. Additionally, Sweetman Renewables has acquired forested land also previously owned by the Sweetman family. Further land is likely to be acquired in the future to expand both sawmilling and related biomass processing activities.
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