Australia plans $2 billion investment in the first Hydrogen Valley
The Hydrogen Valley aims to help unlock the renewable energy resources of New South Wales to produce green hydrogen and associated green feedstock.
A consortium led by Energy Estate has initiated an AU$ 2 billion plan to develop the country first hydrogen valley in New South Wales’ Hunter region.
The project called Hunter Hydrogen Network (H2N) project is a large scale hydrogen plan covering production, transportation and export aspects involving hydrogen users and exporters.
Energy Estate is an advisory firm and business accelerator focused on accelerating the transformation of the global energy sector. The consortium includes:
- AGL (an integrated energy utility)
- APA Group (an energy infrastructure company)
- ITM Power (hydrogen equipment supplier)
- Idemitsu (a trading company)
- Trafigura (a trading company)
- RES Australia (a renewable energy developer)
- WalchaEnergy (a renewable energy developer)
Energy Estate is also working with Beyond Zero Emissions (an Australia based climate change solutions think-tank) and other players in the Hunter for smooth progression of the project employing local skills and resources.
The partners will conduct further due diligence and assess the scope and concept of the project. In the first stage, the partners would produce green hydrogen and associated green feedstock for mining, vehicles and other industrial uses in the Upper Hunter.
In the 2nd stage, the project will assess hydrogen transportation through a dedicated hydrogen pipeline to Newcastle for local consumption and exports, covering green ammonia for export, green feedstock into the chemical sector, green fuels and hydrogen turbines to provide green dispatchable energy solutions.
Vincent Dwyer, Energy Estate Principal, said, “H2N’s ambition is to enable Australia’s first hydrogen valley in the NSW Hunter, transforming the region into a global superpower of renewable energy supply.”