ARENA APPROVES $103.3 MILLION TOWARDS THREE COMMERCIAL-SCALE RENEWABLE HYDROGEN PROJECTS
The Australian Renewable Energy Agency has conditionally approved funding for the projects as part of its Renewable Hydrogen Deployment Funding Round
The projects will also play a significant role in supporting commercial-scale deployments of renewable hydrogen in Australia and help progress Australia’s pathway to achieving the Australian Government’s goal of ‘H2 under $2’.
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;
- Australian Gas Networks Limited (AGIG): ARENA will provide up to $32.1 million in funding for a 10 MW electrolyser for gas blending at AGIG’s Murray Valley Hydrogen Park in Wodonga, Victoria.
Last year, ARENA launched the funding round to support Australia’s first commercial scale hydrogen projects to fast track the development of renewable hydrogen in Australia.
The funding round called for expressions of interest from large scale hydrogen electrolyser projects across Australia to drive the commercialisation of key component technologies and facilitate cost reductions for producing renewable hydrogen. Of the 36 EOIs received and following an initial assessment, seven projects were shortlisted and invited to submit full applications.
After an extensive assessment process, three projects were selected for funding. Engie, ATCO and AGIG must now satisfy a number of development conditions and achieve financial close before funding is released. ARENA will continue to work with the companies to achieve this.
