Australia published its National Hydrogen Strategy in 2019 and sets a vision for a clean, innovative, safe and competitive Australian hydrogen industry, with up to $300 billion of potential hydrogen investments in the pipeline and largest in the world. Since then, many nations realised the opportunities and have released hydrogen strategies. With the ever-changing global landscape, especially with the US Government's Inflation Reduction Act 2022 fuelling the race of global renewable energy market, it has made the international landscape fiercely competitive. A recent report by Deloitte "Australia's Hydrogen Tipping Point - The urgent case to support renewable hydrogen production", reported that without action, Australia will be left behind which also means that Australia’s global competitiveness on clean energy is declining. Unless we respond swiftly and put strategy and act into place, significant production of hydrogen will unlikely begin until the 2030s, resulting in 65 per cent less hydrogen exports per annum by 2050, compared to before the Act was passed.
The Australia Federal government has committed to review its National Hydrogen Strategy to reflect this, remain competitive and shape the nation's strategy to 2030. The CEO of Australian Hydrogen Council, Dr Fiona Simon said that "We hope to see a strategy that will reconsider the best range and combination of long-term economic mechanisms to develop the hydrogen industry, including grants, debt and underwriting."
Stakeholders are invited to provide submissions to the National Hydrogen Strategy Review Consultation process via 'Have Your Say' submission portal by 18 August 2023.
If you would like to participate as part of a team, you may also contact key stakeholders such as the Australian Hydrogen Research Network and Power Fuel including Hydrogen Network, who will have a team with terms of engagement to provide response to the strategy review.
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