NT investing $5 million in hydrogen industry

Friday, 01 July, 2022

NT investing $5 million in hydrogen industry

The Northern Territory Government has announced that it is investing $5 million over four years to accelerate and expand the hydrogen industry in the NT.

The NT Government released the Renewable Hydrogen Master Plan last year, which outlines plans to position the Territory as a global leader in transitioning to renewable energy.

The key areas the investment will deliver on are:

  • Establishing fit-for purpose standards and regulations for the production, transportation, storage and use of hydrogen.
  • Ensuring local workforce skills and capabilities are ready to enable Territorians to fill jobs within the emerging hydrogen industry.
  • Territory-wide planning for hydrogen to optimise land use and enable efficient and timely infrastructure development.
  • Coordination of renewable hydrogen industry development with renewable energy resource assessments and strategic water planning.
  • Ensuring renewable hydrogen industry planning is integrated with the transport and logistics sector.
  • Engaging with Territorians to build community understanding of the emerging hydrogen opportunities.
  • Assessment of early commercial applications and economic fuel-switching opportunities to ensure hydrogen is available when and where it is needed.

In the Northern Territory, projects such as Aqua Aerem’s $15 billion Desert Bloom project in Tennant Creek and Global Energy Ventures on the Tiwi Islands are targeting first export shipments from 2026.

Global interest is high, with renewable hydrogen recognised as a part of the solution to addressing global warming and carbon emissions concerns.

Image credit: ©stock.adobe.com/au/AA+W

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