[MEDIA RELEASE] Hydrogen Energy Action Plan – Business Applications

Northern Tasmania Development Corporation encourages those with a business interest in hydrogen energy to lodge an expression of interest for their proposal.

Tasmania has set an ambitious but achievable goal of producing renewable hydrogen for local market by of 2022-2024, building to exports by 2025-2027 and becoming a global producer and exporter by 2030.

The state government has called for applications to its renewable hydrogen action plan, which details a 10-year, $50 million investment package to get the industry off the ground.

The package includes a $20 million Renewable Hydrogen Fund, up to $20 million in concessional loans and up to $10 million in support services such as competitive electricity supply arrangements and payroll tax relief.

NTDC is aware of several opportunities from emerging businesses interested in the state’s hydrogen production future at Bell Bay.

Chief executive Mark Baker said producing green hydrogen at Bell Bay was one of the major next steps in the state’s renewable energy story.

“Now more than ever we need new investments that match Tasmania’s competitive advantages and the production of hydrogen from Tasmania’s clean and green energy supply will put the state at the forefront of an industry forecast to grow exponentially over the coming decade,” Mr Baker said.

“Hydrogen energy production complements the Battery of the Nation and Marinus projects in using Tasmania’s abundant renewable energy to grow and diversify our export revenues.”

Mr Baker said the Bell Bay Advanced Manufacturing Zone was perfectly placed to become the hub of hydrogen energy production with its access to deep-water ports, transmission infrastructure and road networks.

“The potential for a Bell Bay pilot production plant to create up to 150 jobs and for the full-scale operation to create up to 1200 jobs is tremendous news for Northern Tasmania,” he said.

Applications open today and close on 18 August 2020.