Scaling Green Hydrogen CRC
www.hydrogencrc.com.auThe Scaling Green Hydrogen Cooperative Research Centre (CRC) aims to become the largest single initiative in the country focused on supporting the vital scaling up of the emerging Australian green hydrogen sector to allow us to realise expectations in achieving crucial net-zero emission targets and protecting our planet. The key opportunity is to rapidly expand hydrogen’s role in our economy, helping Australia and the world reach crucial net-zero targets. Australia can lead the Asia-Pacific in domestic clean energy and green hydrogen expertise. Growing a nascent industry like this will require complex, multisectoral and systemic cooperation. There is currently no effective strategy on how big, how fast, how soon and who pays. This CRC will help industry address and share risks through collaboration and government co-funding. Electricity’s share of global energy demand is expected to more than double by 2050 from currently 20%. But this won’t help some industries. We cannot, for example, produce ammonia without hydrogen (to make nitrogen for fertilisers and explosives), and batteries are not adequate for long distance and heavy transport such as ships and airplanes. Green hydrogen will lead to a further increase in global electricity demand, and its emergence will in fact couple those sectors to the electricity and water sectors through the scale of electrolysis required. If successful in securing funding, the Scaling Green Hydrogen CRC could attract up to $1 of government funding for every $1 pledged by our industry and research partners. This means that partners can de-risk their investment in RD&E while leveraging contributions from the government and other partners. Scaling Green Hydrogen CRC seeks to raise $5 million per annum from key stakeholders (including $4 million per annum from industry participants) for the 10-year life of the CRC which will see additional $50 million matched Commonwealth funding being requested.
Read moreThe Scaling Green Hydrogen Cooperative Research Centre (CRC) aims to become the largest single initiative in the country focused on supporting the vital scaling up of the emerging Australian green hydrogen sector to allow us to realise expectations in achieving crucial net-zero emission targets and protecting our planet. The key opportunity is to rapidly expand hydrogen’s role in our economy, helping Australia and the world reach crucial net-zero targets. Australia can lead the Asia-Pacific in domestic clean energy and green hydrogen expertise. Growing a nascent industry like this will require complex, multisectoral and systemic cooperation. There is currently no effective strategy on how big, how fast, how soon and who pays. This CRC will help industry address and share risks through collaboration and government co-funding. Electricity’s share of global energy demand is expected to more than double by 2050 from currently 20%. But this won’t help some industries. We cannot, for example, produce ammonia without hydrogen (to make nitrogen for fertilisers and explosives), and batteries are not adequate for long distance and heavy transport such as ships and airplanes. Green hydrogen will lead to a further increase in global electricity demand, and its emergence will in fact couple those sectors to the electricity and water sectors through the scale of electrolysis required. If successful in securing funding, the Scaling Green Hydrogen CRC could attract up to $1 of government funding for every $1 pledged by our industry and research partners. This means that partners can de-risk their investment in RD&E while leveraging contributions from the government and other partners. Scaling Green Hydrogen CRC seeks to raise $5 million per annum from key stakeholders (including $4 million per annum from industry participants) for the 10-year life of the CRC which will see additional $50 million matched Commonwealth funding being requested.
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