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Bloomberg
Tasmania will invest $33 million to build a renewable hydrogen industry, as the island state plots a course to commercial exports of the clean fuel by 2030. Australia’s smallest state seeks to benefit from its abundance of hydropower generation and the falling cost of large-scale production from renewables to make emissions-free hydrogen for export to Asia.
Hydrogen projects are being mooted around Australia, with a 2018 government report estimating that the industry could be worth more than $1 billion to the economy annually by 2030. The Tasmania state government’s Hydrogen Action Plan includes a 1,000-MW renewable hydrogen plant.