In Australia, Reuters reported that the government will invest $1.4 billion to scale up development of its domestic renewable hydrogen industry.
According to the report, funds will be allocated under a “Hydrogen Headstart” program that provides revenue support for large-scale renewable hydrogen projects through competitive hydrogen production contracts.
The Australian government said the funds would help bridge the commercial gap for early projects and put the country on course for up to a gigawatt of electrolyser capacity by 2030 through two to three flagship projects, the report added.
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