Hydrogen will help the State halve emissions by 2030, get to net zero by 2050 and create new opportunities for investment and jobs.
NSW is set to attract more than $80 billion of investment, drive deep decarbonisation and establish itself as an energy and economic superpower with the launch of the NSW Hydrogen Strategy.
This strategy is forecast to more than halve the cost of green hydrogen production and will make NSW the best place to invest in hydrogen in the world. Areas such as the Illawarra, Upper Hunter, Wagga Wagga and Parkes are uniquely placed to take advantage of the subsequent economic opportunities, with existing supply chains, access to transport links and a skilled workforce.
The new strategy will allow NSW to compete globally and engage major trading partners who see hydrogen as part of their energy future.