The hydrogen revolution
Accelerating global decarbonisation
Australia's hydrogen industry is expected to contribute at least $11 billion to the national economy and generate around 7,600 jobs by 20501. Due to its abundance of natural resources, Australia has the potential to become a green hydrogen 'superpower'. The question is, how and when?
The first hydrogen projects will undoubtedly play a key role in shaping the hydrogen industry in Australia, and it is critical that we get it right. With the Australian Government's Technology Investment Roadmap identifying hydrogen as a priority technology for investment, now is the time to focus our efforts on this emerging industry.
Key issues for hydrogen projects
There are a number of key issues that will need to be closely considered and managed in the early stages of a hydrogen project. These include:
In our overview of the hydrogen opportunity, we briefly unpack these key issues and the matters that will require particular attention when establishing the first hydrogen projects.
The hydrogen project lifecycle
How we can help
Our team has market-leading experience advising on first-to-market energy and infrastructure development projects across all technologies – from the beginning of the renewables boom, to pumped hydro, large-scale battery storage and waste-to-energy projects.
We help our clients with:
- Project lifecycle planning
- Regulatory reform
- Project structuring and tax advice
- Project finance
- Development of new technologies, including IP and partnering for commercialisation
- Site selection, tenure and native title
- Environmental impact assessments, planning and regulatory approvals
- Risk, compliance, licensing and reporting
- Work, health and safety
COAG Energy Council, 'Australia's National Hydrogen Strategy' (November 2019).