New Energy
Australia Offers New Funding in Rush to Deliver Green Hydrogen
- Government will invest A$70 million in Queensland state
- Nation is competing with US and others in developing sector
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Australia will invest A$70 million ($49 million) in the development of a green hydrogen hub in Queensland, as the nation aims to add exports of the zero-emissions fuel to its role as a key fossil fuel supplier.
The funding joins more than A$450 million already allocated to spur construction of clean energy equipment manufacturing, solar and wind farms and export infrastructure in traditional mining and coal areas including the Hunter Valley in New South Wales and Western Australia’s Pilbara region.