The Australian government is investing $50 million in the research and development of green hydrogen and low-emissions steel based in Australia, enabling the country to become a ‘renewable energy superpower’.
The Australian Renewable Energy Agency (ARENA) is launching the two $25 million rounds to promote innovation in hydrogen and low-emissions iron and steel.
The investment rounds are cited to include a laboratory-based research phase, followed by a commercialisation phase aimed at scaling up, demonstrating and deploying research breakthroughs and technologies in the real-world.
“The world’s climate emergency is Australia’s jobs opportunity, and the best way to seize that opportunity is by investing in Australian research and technology and deploying it.''
Chris Bowen, Australia's minister for climate change and energy
Australia’s minister for climate change and energy Chris Bowen stated: “The world’s climate emergency is Australia’s jobs opportunity, and the best way to seize that opportunity is by investing in Australian research and technology and deploying it.
“Australia can and should become a renewable energy superpower, continuing our role as a reliable energy exporter around the world. Developing technology to make, store and use hydrogen is essential, including to tap our potential as a competitive exporter of energy-intensive green metals,” Bowen added.
Source: The Mirage