Australia and Germany invest € 82 million in hydrogen projects


Australia and Germany will invest some 92 million dollars (82 million euros) in future hydrogen projects, with a view to the oceanic country to become one of the world’s leading producers of this fuel by 2030, official sources reported Tuesday.

Investments will be channeled through the new German-Australian fund called the Joint Incubator for Hydrogen Innovation and Technology or HyGATE, which will support various projects such as pilot or research projects along the hydrogen supply chain.

The Australian Government has contributed to the HyGate, an initiative that will start operating from the first quarter of 2022, about 36 million dollars (32 million euros), while Germany has committed some 56 million dollars (50 million euros).

“The recent release of the first HySupply report, our joint Australian-German study on the hydrogen supply chain, revealed that there is great potential for Australian hydrogen to supply the growing demand in Germany,” the Australian minister said in a statement. of Energy, Angus Taylor.

The Australian Government hopes that this fund will accelerate the development of the Australian hydrogen industry, a fuel that does not generate polluting emissions, both for direct consumption and for export, as well as to contribute to reaching the goal of net neutral emissions for 2050.

The Australian authorities have invested more than 867 million dollars (771 million euros) to accelerate the hydrogen industry in the country, of which more than a third of that amount has been used for the creation of seven clean hydrogen industrial centers inside the country.

Source-www.diariolibre.com