The Port of Newcastle Green Hydrogen Hub Project received a further vote of confidence following an announcement by The Hon Angus Taylor MP, Minister for Industry, Energy and Emissions Reduction that the project will receive $41 million in funding.
The project is a joint venture with Macquarie Capital and Macquarie’s Green Investment Group and is currently progressing an ARENA funded feasibility study. The project is being developed with a phase one minimum 40MW electrolyser that over time could increase to a capacity of over 1 GW.
The project has been working with a range of project partners to develop a comprehensive range of use cases for green hydrogen in the Hunter which build on the region’s strong industrial heritage. These include, mobility, bunkering, energy production and industrial uses at the scale necessary to position the Hunter at the centre of the emerging global green hydrogen opportunity.
The funding announcement positions Port of Newcastle as a leading site to establish a hydrogen hub, with connectivity to domestic and export infrastructure, proximate demand, and access to renewable energy.
Source: Port of NewcastleTags: ARENA, Eission Reduction, Green Hydrogen, Port of Newcastle