Australian Federal Government makes $24b green energy superpower bet with $8b funding to back Hydrogen as the Fuel of the Future 

Hydrogen has emerged as the leading contender to spearhead Australia’s transition to a carbon-free economy, following the announcement of a new $6.7b Australian tax-credit subsidy and additional programs which are estimated to cost the Federal Government $8b.

Key budget highlights:

  • The Australian Government will pay hydrogen developers $2 per kilo of green H2 over a ten-year period, starting from 2027 totalling $6.7b in funding.
  • $1.3b has been added to the Hydrogen Headstart programme for renewable hydrogen projects over ten years which will bridge the green premium for early-mover renewable hydrogen projects.
  • $17.1m has been set aside to implement Australia’s National Hydrogen Strategy. 
  • $32.3m to support the expansion of green metals and low-carbon liquid fuels.
  • $15.4m for “foundational activities to support the development of green metals production”.
  • A separate budget document also states that a further $1.7b will be set aside for the “Future Made in Australia Innovation Fund”.
  • $10m has been set aside in 2025-26 to establish a National Hydrogen Technology Skills Training Centre, in partnership with the Victoria state government.
As Australia’s only hydrogen conglomerate, with 30-plus projects and companies, UHL is excited to see the Australian Government support this rapidly emerging sector.
We believe this is a critical moment for the hydrogen industry, as it delivers the funding and backing required to become the leading green energy solution.
Click the images below to read the top analysis of the budget or to invest in the world’s largest hydrogen conglomerate.

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