Regions look to hydrogen technology as they identify industries of the future
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Water may not be abundant in the Mallee, but its solar potential is vast.
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Those mapping out the economic future of Victoria s hottest and driest region hope it can be positioned as a pillar of the budding hydrogen industry.
Key points:
Hydrogen industry could be worth $11 billion to the Australian economy by 2050
Victoria s Mallee region aims to capitalise on its solar resources to produce cheap hydrogen
Private groups and the Victorian Government have invested $50,000 in establishing a Mallee hydrogen technology cluster, which could be part of national network intended to develop a globally competitive industry.
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As hype builds around the transformative role hydrogen could play in the clean energy transition, we examine the unique opportunities open to market players in Asia-Pacific. This is the second in a series of three articles on the hydrogen economy.
Hydrogen Economy Series: Part 2
In Part 1 of this Series, we introduced the key concepts underpinning the hydrogen economy and explored some of hydrogen s more promising applications in manufacturing, transport and power generation.
In this Part, we look at the state of the hydrogen market today and highlight some recent efforts made by public and private players in hydrogen project development. We also examine the key opportunities and risks from demand- and supply-side perspectives, based on what we are seeing in the market.