Australian Government Pledges to Unlock $50 Billion of Investment into Hydrogen

Australia and Germany sign new hydrogen deal.

Australian Climate Change and Energy Minister Chris Bowen launches the National Electric Vehicle Strategy at a press conference outside Parliament House in Canberra, Australia, on April 19, 2023. AAP Image/Lukas Coch

The government expects its National Hydrogen Strategy to unlock $50 billion in private sector investment, and increase annual green hydrogen production to 1 million tonnes by 2030.

Chris Bowen, minister for climate change and energy, announced the numbers at the APAC Hydrogen Summit in Brisbane on Sept. 13.