Sep 3, 2024
The 2024 National Hydrogen Strategy provides the framework for Australia to become a global hydrogen leader
The Australian Government has released its 2024 National Hydrogen Strategy. The strategy provides the framework to guide Australia’s production, use and export of hydrogen. This will position Australia to become a global hydrogen leader.
The new 2024 National Hydrogen Strategy represents a comprehensive formal review and update of the 2019 National Hydrogen Strategy. The new strategy focusses on accelerating clean hydrogen industry growth. This will be achieved through increasing global cost competitiveness by supporting industry development at scale.
The National Hydrogen Strategy’s vision is:
A clean, innovative, safe and competitive hydrogen industry that benefits Australia’s communities and economy, enables our net zero transition, and positions us as a major global player.
The strategy has identified 4 objectives, supported by 34 actions, that will help achieve this vision:
supply: the hydrogen industry supplies hydrogen that is globally cost competitive
demand and decarbonisation: activating the most prospective domestic demand sectors for hydrogen-based decarbonisation
community benefit: communities are aware of and can realise the benefits of hydrogen
trade, investment and partnerships: establish trade at scale and leverage purposeful partnerships.
Central to the updated Strategy are the production incentives announced as part of the Government’s $22.7 billion Future Made in Australia plan. These were announced through the 2024-25 Federal Budget. The Hydrogen Production Tax Incentive (HPTI) and the expanded Hydrogen Headstart Program will:
drive economies of scale
accelerate investment
reduce the cost gap for renewable hydrogen.
The strategy was developed in consultation with stakeholders from:
state and territory governments
industry stakeholders, including:
face to face meetings with more than 65 stakeholders
the receipt of 115 submissions to a consultation paper
a multidisciplinary advisory group.
View the strategy below: