Companies proposing more than $4 billion in investment have expressed interest in joining the NSW hydrogen hub scheme, a figure that illustrates the soaring interest in the zero emission technology.
NSW Treasurer Matt Kean will on Monday announce an “overwhelming” response to the state’s hydrogen package.“The market has spoken. This is an overwhelming level of commercial interest and it shows our policies are sending the right signals to energy investors, making NSW the go-to state for energy investment,” NSW state Treasurer and Energy Minister Matt Kean said.
“It also represents a huge export potential for our state, with the international market for green hydrogen expected to meet 24 per cent of the global energy demand by 2050, estimated to be worth $900 billion.”