NSW unveils $80bn hydrogen strategy

New South Wales is looking to attract over $80bn of investment by positioning itself as an “economic superpower” through a new hydrogen strategy.

The state strategy includes a range of incentives for green hydrogen production, a hydrogen refuelling station network that will be rolled out across the state, plus exemptions from government charges for green hydrogen production.

“Australia has an opportunity to be an energy superpower, New South Wales will lead the country with this hydrogen strategy,” said Premier Dominic Perrottet. 

“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.”

In June, Queensland’s Budget included a revamped renewable energy fund that now includes hydrogen jobs, as the country looks to increase its use of hydrogen as a way to tackle carbon emissions.