On Monday, the COAG Energy Council Hydrogen Working Group released 9 issues papers for consultation into specific topics to help develop the National Hydrogen Strategy. The issues paper cover the following topics:
- Hydrogen at scale
- Attracting hydrogen investment
- Developing a hydrogen export industry
- Guarantees of origin
- Community acceptance and safety
- Hydrogen in the gas network
- Hydrogen to support electricity
- Hydrogen for transport
- Hydrogen for industrial users
NRF have been advising stakeholders globally and in the Australian market on the evolving opportunities and challenges as early mover advantages in the hydrogen economy become increasingly important. With rapid commercialisation of hydrogen production technologies and ongoing identification and diversification of hydrogen production technologies, investment appetite into hydrogen production and hydrogen use technologies is rapidly growing as a way to diversify and protect investment positions longer term in a rapidly transforming energy and transportation market. Understanding delivery risk particularly permitting and regulatory approvals pathways is an important up-front step that will drive project design and financial investment not only in this market but globally. We are front and centre of this work with active participants in the hydrogen space.
Our Hydrogen team will be examining and providing thought to the 9 consultation papers released by the COAG Energy Council Hydrogen Working Group. Keep your eye out for this update and in the meantime, if you have any queries, please contact Kelly Davies, partner and Head of our Power business group.