$2 billion for scaling up green hydrogen production in Australia


The Australian Renewable Energy Agency (ARENA) has today welcomed new funding for the Hydrogen Headstart initiative announced in the 2023-24 Federal Budget.

The Australian Government announced the establishment of the $2 billion Hydrogen Headstart initiative to underwrite the biggest green hydrogen projects to be built in Australia.

Funding will provide revenue support for investment in renewable hydrogen production through competitive production contracts. Funding will cover the commercial gap between the cost of hydrogen production from renewables and its current market price.

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