New South Wales - Net Zero Industry and Innovation Program

Country / jurisdiction: Australia · Year: 2021 · Status: In force · Level: State/Provincial · Type: Voluntary

$1.05 billion under the Net Zero Industry and Innovation Program. Across the three focus areas of the program there will be investments in green hydrogen initiatives to meet the legislative commitment under the NSW Electricity Infrastructure Investment Act 2020 to invest $50 million before 2030 to develop the green hydrogen sector. The three focus areas include:

1. $195 million Clean Technology Innovation

2. $475 million New Low Carbon Industry Foundations (an additional $300 million was added to the original $175 million as part of a $550 million package released by NSW in 2022 in response to the early closure of the Eraring Power Station. More details in cells below).

Hydrogen relevant funding includes:

- $10 million Hume Hydrogen Highway Initiative (tri-state MoU between New South Wales, Victoria and Queensland Governments to build an East Coast Renewable Hydrogen Refuelling Network). NSW and Victoria Governments each committing $10 million to the initiative to build hydrogen refuelling infrastructure along the Hume Highway between Sydney and Melbourne and to support a fleet of hydrogen trucks. Queensland Government is yet to commit funds. NSW funding part of the $475 million New Low Carbon Industry Foundations package under the $1.05 billion Net Zero Industry and Innovation Program.

- $150 million Hydrogen Hubs Program - for the development of two new hydrogen hubs in the Illawarra and Hunter regions. Program funding upped from $70 million due to the large amount of EOIs received (2022). Hubs funding part of the $475 million New Low Carbon Industry Foundations package under the $1.05 billion Net Zero Industry and Innovation Program.

3. $380 million High Emitting Industries

Official source: https://www.energysaver.nsw.gov.au/reducing-emissions-nsw/net-zero-industry-and-innovation