The Tasmanian Government has been heard at the recent Global Hydrogen Energy Summit in Victoria to highlight the state’s role in the international hydrogen sector.
Tasmanian Energy Minister, Guy Barnett, addressed the Summit to communicate Tasmania’s natural advantages and existing renewable resources that could position the state to benefit from the emerging global hydrogen industry.
With Australia’s hydrogen export market estimated to rise to between $2.6 billion and $13.4 billion by 2040, Mr Barnett said Tasmania is aiming to become a world leader in large-scale renewable hydrogen production by 2030.
Mr Barnett said the recently released draft Tasmanian Renewable Hydrogen Action Plan, was a clear outline of the state’s vision.
“Tasmania’s future wind farm and pumped-hydro developments, alongside our Battery of the Nation and Marinus second interconnector projects, mean we are well placed to be a major producer of renewable hydrogen long-term,” Mr Barnett said in a statement.
Reports show a 1000MW facility – equivalent to supplying around 1 million homes – could be feasible by 2030, creating an estimated 1,200 regional jobs, and supporting a further 2,000MW of renewable energy investment in Tasmania.
Analysis indicates Tasmania could produce renewable hydrogen 10 to 15 per cent cheaper than other Australian power grids, and 20 to 30 per cent cheaper than from dedicated off-grid variable renewables.