The Federal Government, through the Clean Energy Finance Corporation (CEFC), is investing $750,000 in Hysata, the company working to commercialise an innovative electrolyser technology tipped to accelerate Australia’s shift away from fossil fuels to green hydrogen.
Electrolysis is a critical technology for producing hydrogen from renewable resources. The Hysata electrolyser is based on breakthrough Australian technology developed by a team from the University of Wollongong’s ARC Centre of Excellence for Electromaterials Science, led by chemical catalysis and characterisation expert Professor Gerry Swiegers.
It delivers improvements to production efficiency and capital costs – two key factors in accelerating the development of a hydrogen industry in Australia.
Minister for Energy and Emissions Reduction Angus Taylor said CEFC’s first hydrogen-related investment would further accelerate Australia’s clean hydrogen industry by bringing down production costs.
“The Morrison Government has a vision for Australia to be a major global hydrogen player by 2030,” Minister Taylor continued.
“Industry has a key role to play in helping us achieve this, which is why we’re backing research and development, and innovative projects like this one.
“Australian-led research will help to drive down the cost of new hydrogen technologies as we work to ensure that clean hydrogen can achieve cost parity with higher emitting alternatives as soon as possible.”
Hydrogen is a key priority under the Government’s Technology Investment Roadmap. The Government is working with industry to lower the cost of clean hydrogen to under $2 per kilogram – the point at which hydrogen becomes competitive with alternatives to allow for large-scale deployment across Australia’s energy systems.