The release of Australia’s refreshed National Hydrogen Strategy (NHS) at the APAC Hydrogen Summit and Exhibition in Brisbane in September came off the back of a period of peak announcements for the hydrogen industry this year.
The Federal Budget announced in May triggered enthusiasm across the industry that Australia was indeed ‘back in the game’ with the announcement of an AUD $2bn ($1.34bn) expansion to the Hydrogen Headstart programme and AUD $6.7bn ($4.5bn) for a Hydrogen Production Tax Incentive Scheme amongst other supportive financial measures.
The Federal Government also announced its Future Made in Australia (FMiA) policy including an AUD $1.7bn ($1.14bn) innovation fund to support projects in priority sectors including renewable hydrogen, green metals, low-carbon liquid fuels and clean energy technology manufacturing.
Since these announcements, there has been significant industry consultation to design these new policies and initiatives, which are still at various stages of development and legislation.
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