Western Australia’s (WA) state government has revealed it is looking to partner with European countries to harness the state’s renewable hydrogen potential with the Minister for Hydrogen Industry, Alannah MacTiernan, travelling to Germany and the Netherlands to promote the state’s renewable hydrogen potential.
As part of her trip, the minister will take part in the World Hydrogen Summit 2022 in the Netherlands from May 9 to 11, which will focus on global hydrogen supply chains, taking the opportunity to present WA’s Renewable Hydrogen Industry Prospectus.
WA’s expanding hydrogen industry through the state government’s Renewable Hydrogen Strategy, along with the Joint Declaration of Intent, puts WA in a good position to benefit from Germany’s increasing demand for clean hydrogen.
“International collaboration is a key component in the transition to a clean energy future and the WA Government’s participation at the World Hydrogen Summit 2022 aims to accelerate the state’s position in the renewable hydrogen supply chain,” she said.
“European markets represent a significant opportunity for attracting renewable hydrogen investments and technology into Western Australia, and this international mission aims to accelerate those opportunities.”
According to the release, the current global demand for hydrogen is estimated to be more than 70 million tonnes a year, while the value of Australia’s clean hydrogen exports could reach $2.2 billion by 2030.
Despite this process being energy-intensive, when done using 100 percent renewable energy, it produces a flexible, zero-emissions source, which is a clean alternative to coal and natural gas.
The minister’s mission to Europe comes just three weeks after both the Australian federal government and opposition backed two renewable hydrogen hubs in WA through a $140 million (US$103.6 million) funding commitment.
The bipartisan federal support for the projects comes on the back of the WA government’s $117.5 million investment in late 2021 to attract federal funding for renewable hydrogen hubs in WA.
The two hubs, located in Kwinana and the Pilbara, are expected to attract more than $410 million in private and public investment to WA and create at least 3,600 jobs.