As Australians pay the price for decades of poor energy planning, the two single greatest beneficiaries of high electricity prices are Hong Kong billionaires Michael Kadoorie and Li Ka-Shing. Callum Foote reports on two of the big winners from Australia’s electricity crisis.It’s another big week in the energy crisis.
In Australia, on behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has announced that it has conditionally approved A$103.3 million towards three commercial-scale renewable hydrogen projects, as part of its Renewable Hydrogen Deployment Funding Round.
The three successful projects are:
• Engie Renewables Australia Pty Ltd (Engie): ARENA will provide up to A$42.5 million towards a 10 MW electrolyzer project to produce renewable hydrogen in a consortium with Yara Pilbara Fertilizers at the existing ammonia facility in Karratha, Western Australia;
• ATCO Australia Pty Ltd (ATCO): ARENA will provide up to A$28.7 million towards a 10 MW electrolyzer for gas blending at ATCO’s Clean Energy Innovation Park in Warradarge, Western Australia;
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Australia backs world-leading clean hydrogen projects
Australia’s future clean hydrogen industry has been given another significant boost after the Morrison Government approved three large-scale hydrogen plants in Western Australia and Victoria that will be among the biggest in the world.
Three companies have been awarded more than $100 million in conditional funding by the Government through the Australian Renewable Energy Agency’s (ARENA) Renewable Hydrogen Deployment Funding Round.
The Government initially announced funding of up to $70 million was available under the program, but this has been increased to up to $103.3 million to fund three projects selected from a strong field of shortlisted applicants.
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Over $100 million to build Australia’s first large-scale hydrogen plants
On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has today announced that it has conditionally approved $103.3 million towards three commercial-scale renewable hydrogen projects, as part of its Renewable Hydrogen Deployment Funding Round.
The three successful projects are:
Engie Renewables Australia Pty Ltd (Engie): ARENA will provide up to $42.5 million towards a 10 MW electrolyser project to produce renewable hydrogen in a consortium with Yara Pilbara Fertilisers at the existing ammonia facility in Karratha, Western Australia;
ATCO Australia Pty Ltd (ATCO): ARENA will provide up to $28.7 million towards a 10 MW electrolyser for gas blending at ATCO’s Clean Energy Innovation Park in Warradarge, Western Australia;