Port of Newcastle, is partnering with Macquarie Group’s Green Investment Group and the Commonwealth Government’s Australian Renewable Energy Agency (ARENA) to support the development of a hydrogen economy in the Hunter Region.
Port of Newcastle and Macquarie’s Green Investment Group have launched a $A3 million feasibility study into the development of a green hydrogen hub at the Port.
The hub, called the Port of Newcastle Hydrogen Hub, will initially be underpinned by a 40MW electrolyser that over time would increase to a capacity of over 1GW.
The feasibility study regarding the initial 40MW hub will determine a broad and comprehensive range of potential use cases for green hydrogen in the Hunter which build on the region’s strong industrial heritage. These include mobility, bunkering, energy production and industrial uses at the scale necessary to position the Hunter at the centre of the emerging global green hydrogen opportunity.
The study will also assess the suitability of an optimal site within the Port which has a range of options for developing and scaling-up hydrogen and ammonia infrastructure that can successfully link into existing East Coast supply chains.
Port of Newcastle CEO Craig Carmody, stated on the occassion:
It makes sense for the Port of Newcastle to play a substantial role in Australia’s bid to become a significant renewable exporter
