Hydrogen investment in Australia tops $250b

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 90%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Global interest in hydrogen has grown substantially as countries strive to develop new energy sources to drive a transition away from fossil fuels.

More than $250 billion has been pledged to develop hydrogen as a zero emission energy source in Australia, analysis by PwC shows.

With heightened interest in the industry, PwC said 90 hydrogen projects are in the pipeline and these would require at least $250 billion of investment. The bulk of the spend would come from the 20 largest developments. “We need a timely and robust regulatory framework that will give industry the confidence to develop the infrastructure, reputation, people and export pathways that will ensure we are globally competitive.

PwC said increased zero emission energy generation would significantly reduce costs, while the cost of electrolysers – units where electricity is used to split water into hydrogen and oxygen – is falling, a trend expected to rapidly increase as production is industrialised.Companies including Fortescue Future Industries have committed to building electrolyser factories to meet the growing demand.It will produce its first electrolysers in early 2023.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Not from fucking brown coal please!

here are my naked photos

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines