The world is decarbonising, and green hydrogen will play a major role in achieving global net-zero goals.
NSW has the potential to become a global hydrogen superpower by supplying the world’s increasing demand for clean fuels and zero-emissions products. The state brings nation-leading policy to its natural advantages, a deep talent pool, and extensive infrastructure to create a clear pathway to cost-competitive hydrogen and global-scale projects. There is a significant opportunity for a green hydrogen value chain in NSW, with an estimated $3 billion in annual market revenues by 2030.
The path to net-zero greenhouse gas emissions has the potential to drive the development of a 170 million tonne (MtH2eq) global clean hydrogen market within the next six years.
NSW’s competitive advantage summarised:
NSW leads in hydrogen specific incentives for commercialisation, production and industry
NSW has an abundance of affordable, clean and reliable renewable energy to support the growth of the green hydrogen industry
Decarbonisation of existing industry in NSW presents an opportunity that currently accounts for 18% of NSW's total emissions
NSW has abundant water resources and facilities that are located near major shipping ports - ports that are targeted for the first wave of hydrogen hubs
Thanks to transport and logistics infrastructure, NSW is a well-established and trusted global exporter of resources, with links to Asia-Pacific and European markets
NSW has the largest heavy industrial and STEM-qualified workforces in Australia
NSW has a proven track record in funding and delivering world-class technology R&D that can drive growth of the hydrogen industry and benefit investment partners