![]() ![]() ![]() MORE FROM STOCKHEAD: West on green hydrogen mission | Helium Shortage 4.0 looming | Firms reap rewards of natural gas demand The company specialises in low-cost hydrogen electrolyser technologies, which use an electrical current to separate hydrogen from oxygen in water and reckons its proprietary Anion Exchange Membrane (AEM) electrolyser can get green hydrogen costs down to around $1.90/kg. Start-up’s deal with huge tech companyĪll these developments are a sign the hydrogen market is maturing, which is good news for companies such as Cavendish Renewable Technology (CRT), a Melbourne-based hydrogen start-up with a lucrative solution to lowering green-hydrogen costs below the critical $2/kg price point, making it competitive with fossil fuels. ![]() Opening for expressions of interest in the first quarter of 2024, the program aims to bridge the commercial gap for early projects and put Australia on course for up to a gigawatt of electrolyser capacity by 2030. With time, the outlook shows green hydrogen has to potential to stand on its own feet and Australia looks to grab a piece of that prize with its $2 billion Hydrogen Headstart program, providing revenue support for large-scale renewable hydrogen projects through competitive production contracts. “By 2050, industry (iron and steel, chemicals, cement, and high-temperature heating) and transport (aviation, shipping, and heavy road transport) respectively can account for 42 per cent and 36 per cent of total clean hydrogen demand.” “The net-zero transition then underpins rapid demand growth, cementing hydrogen’s role as a versatile solution for decarbonisation. “Demand is expected to initially build on the decarbonisation of existing industrial uses of hydrogen, most notably for fertiliser production,” the report says. The authors go as far to say the industry could overtake the global LNG business by 2030 and reach that $2.1 trillion mark a year by 2050. While some experts believe the hydrogen bubble well and truly burst two years ago, Deloitte’s new 2023 Global Green Hydrogen Outlook report paints a more optimistic picture, suggesting green hydrogen could be competitive in less than 10 years, thanks in big part to strong international climate action.įor the latest energy news, sign up here for free Stockhead daily newsletters That’s the size of the global market opportunity identified by Deloitte – and it has Australian clean hydrogen project developers in a tizzy. ![]()
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