ATCO Ltd. (TSX: ACO.X) (TSX: ACO.Y)
ATCO s proposed Clean Energy Innovation Park (CEIP) is getting an AUS$28.7 million injection in funding from the Australian Renewable Energy Agency (ARENA) to help kickstart the production of hydrogen on a large scale, providing clean fuel for the country s natural gas networks.
ATCO Secures $28.7 Million, Takes Next Step Toward Building Australia s First Commercial Hydrogen Plant (CNW Group/ATCO Ltd.)
ATCO and its joint-venture partner, Australian Gas Infrastructure Group (AGIG), are one of three projects to receive ARENA funding as part of its Renewable Hydrogen Deployment Funding Round. ARENA received 36 expressions of interest from across Australia, three of which obtained funding.
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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.
[co-authors: Lilly May, Michael Kralic]
There have been a number of policy and funding developments applicable to the hydrogen energy industry in Australia since the release of K&L Gates
The H
2 Handbook in October last year. These developments have come at both commonwealth and state level and highlight the current governmental appetite to foster the emerging Australian hydrogen industry and to position Australia as a global hydrogen leader.
This article reflects on the state of play across Australia, providing a high level consolidated overview of these updates and supplementing the Australian chapter of
The H
Australian Policy Updates
New South Wales
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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;
NSW) Government published the NSW Net Zero Industry and Innovation Program (
Program) as part of the NSW Net Zero Plan Stage 1: 2020-2030, which aims to achieve a 35% reduction in emissions compared to 2005 levels. AU$750 million will be invested under the Program by 2030 to help realise that aim.
The Program has three areas of focus:
Clean Technology Innovation - supporting the development of emerging clean technologies, including hydrogen. AU$195 million has been earmarked for this area.
New Low Carbon Industry Foundations - creating the foundations for low emissions industries by building infrastructure and expanding the capability of supply chains. AU$175 million in funding has been allocated for this objective.