Renewable hydrogen masterplan released
The Territory Government has released the Renewable Hydrogen Master Plan to guide development of a Northern Territory renewable hydrogen industry.
The Master Plan focuses on renewable or green hydrogen, which results in zero greenhouse gas emissions, and builds on the Government’s 2019 Renewable Hydrogen Strategy’s vision to be a world-scale producer and exporter of renewable hydrogen.
The Territory is well placed to position itself at the forefront of the developing renewable hydrogen industry with large areas of land, high solar irradiance, close proximity to export markets, and an established world-scale energy production and export industry.
The Territory Government is building a strong and diverse economy and there are significant economic opportunities to be realised from a renewable hydrogen industry, which could deliver an extra 2,500 jobs and over $3.5 billion for our economy.
Renewable hydrogen presents a significant opportunity for the Territory to simultaneously drive emissions reductions and economic growth by:
- extracting value from our Territory sunshine
- meeting growing global demand for clean, green energy and greenhouse gas emissions reduction
- diversifying our economy.
The Master Plan charts a pathway for the Territory Government to accelerate the development of a renewable hydrogen industry and outlines the enabling activities needed to secure private sector investment.
These activities are targeted at creating the right environment for Territory businesses to innovate and take advantage of the growing opportunities from renewable hydrogen.
Eariler this week, the Territory Government also released the Darwin–Katherine Electricity System Plan, which highlights the potential for renewable hydrogen to support the Territory’s target of 50% renewables by 2030 and commitment to net-zero emissions by 2050.
For more information and to read the Master Plan, go to the Territory Renewable Energy website.