The world is moving to a low-carbon future. Hydrogen offers diverse applications as an energy carrier and chemical feedstock and has great potential to support decarbonisation of the world’s energy and industrial sectors. Because of this, there is a growing global demand for renewable and low-emissions hydrogen.
Factors including reductions in renewable electricity costs, technology developments, the emergence of export markets and an increasing focus on decarbonising the global economy have created a growing demand for low-emissions hydrogen. By capitalising on its comparative advantages, Western Australia can establish itself as a leading participant in this rapidly developing global market.
As well as diverse applications as an energy carrier, renewable hydrogen has the potential to displace the use of fossil fuels in energy applications such as transport, heat and power generation. It can also provide a carbon-neutral feedstock for a wide variety of industrial processes and provide energy storage and other services to support the reliability of the electricity grid