Goldman Sachs

Goldman Sachs: Cost of hydrogen to decline

Goldman Sachs has released its equity research paper on the clean hydrogen revolution, forecasting “unprecedented momentum for the clean hydrogen economy”.  According to the report, hydrogen generation alone has the potential to double to US$250 billion (AU$3,49 billion) by 2030.  Global interest in the gas has grown significantly as countries impose new legislation to help …

Sojitz, CS Energy to supply green hydrogen for Palau

Japan’s Sojitz Corporation is set to work with Queensland’s CS Energy and Nippon Engineering Consultants to transport renewable hydrogen processed in Australia to the Republic of Palau.  The hydrogen will be used in fuel cells and hydrogen fuel cell vessels where it will replace carbon-intensive diesel.  The project will use solar power generation to produce …
emissions

Labor commits to emissions reductions

Opposition leader Anthony Albanese has made his most significant policy announcement to date, pledging to set an emissions reduction target of 43 per cent by 2030 if Labor were to win the coming federal election. ALP leader also stated Labor would boost the share of renewables in the national electricity market to 82 per cent. …
H2TAS site

Woodside secures site for H2TAS

Woodside has secured land for its proposed H2TAS project plant, advancing the company’s plans for large-scale renewable hydrogen and ammonia production.  The site is located in the Austrak business park, in the Bell Bay Area of northern Tasmania, where Woodside and Austrak have made an exclusive agreement for a long-term lease.  According to Woodside, H2TAS …
AGIG CEO Ben Wilson. Image: APGA

AGIG: 10 per cent hydrogen in gas networks by 2030

According to the Australian Pipelines and Gas Association (APGA), gas transmission and distribution companies are already preparing for dramatically lower emissions, setting ambitious targets to mix hybrid gases in their systems before 2050.  Australian Gas Infrastructure Group (AGIG) chief executive officer (CEO) Ben Wilson spoke at this year’s 2021 APGA Virtual Convention where he told …

Hydrogen to assist in 50 per cent slash in NT emissions

Northern Territory government has detailed a plan to reach 50 per cent renewables on the jurisdiction’s largest power grid by the end of the decade.  The he government has released its Renewable Hydrogen Master Plan, which it estimates will bring in over $3.5 billion and 2,500 jobs for the territory.  The Master Plan focuses on …
CCS consortium

More funding for CCUS

The Morrison Government has dedicated $250 million to a new program that will boost the development of commercial-scale carbon capture, usage and storage (CCUS) projects and hubs across Australia.  The government estimates that by partnering with the industry to accelerate projects, the program will create up to 1,500 jobs as well as unlocking economic benefits …
AusNet shares

Advent plots path towards net zero target

Advent Energy chairman David Breeze has affirmed the company’s plans for zero emissions by 2050, saying it will play a direct role in achieving the target, especially in New South Wales. The company outlined that it plans to achieve net zero in two ways. The first is by finding gas closest to Australia’s biggest domestic …