September 11, 2020 Read More →

Australia, Germany agree to study requirements for Green H2

PV Tech:

Australia and Germany have joined forces to fund a feasibility study into the production, storage, transport and use of hydrogen from renewable energy.

The two-year initiative is expected to begin by the end of the year and will look to identify the economic and technological requirements for the transport of hydrogen produced from renewables as well as the determination of demand and end use for green hydrogen by German industry.

Australia’s energy minister Angus Taylor believes the collaboration will help drive down the cost of new hydrogen technologies. “Australia has the natural competitive advantage to be a world leader in exporting hydrogen,” he said. “The expertise and infrastructure from our gas industry will assist us to use hydrogen as an energy source at home.” The minister added that exports from the country’s hydrogen sector will be able to contribute an estimated AU$11 billion (US$8.03 billion) per year in additional GDP by 2050.

While Australia has signed hydrogen-related agreements in the last year with countries such as Japan, South Korea and Singapore, the Germany partnership is the first of its kind to explore exports to a European state.  

A recent IEEFA report lauded Australia’s ambitious hydrogen export plans but warned that the economics of a seaborne hydrogen trade “may be unfavourable.” It said technical progress and increases in scale in both liquefaction and storage development are essential to bring down hydrogen export prices. 

[Jules Scully]

More: Australia pens deal with German to explore green hydrogen exports

Posted in: IEEFA In the News

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