Hydro Tasmania ready to work with Tasmanian hydrogen industry

1 March 2020

Reliable, large-scale clean energy generation from Hydro Tasmania is the key to our state’s potential for a renewable ‘green’ hydrogen industry, which is captured in the State Government’s Tasmanian Renewable Hydrogen Action Plan, released on 2 March 2020.

With the State Government committing $50 million to the development of a renewable hydrogen production industry, Hydro Tasmania is ready to work with prospective investors to ensure their projects have a secure source of clean energy.

CEO of Hydro Tasmania, Steve Davy, said that hydrogen’s potential as an energy source had long been known, but that the associated technological and economic challenges are quickly reaching a tipping point.

“Unlocking hydrogen from water is an energy intensive process and Tasmania can provide renewable energy to power the creation of ‘green’ hydrogen, a product that we know will be in high demand internationally as markets seek to decarbonise.

“With our natural and established advantages of abundant water and renewable energy generation, Tasmania has a competitive advantage in this sector that could deliver economic benefits for all Tasmanians.”

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