Latest Government hydrogen investment supported by Toyota

Australia is a step closer to a potential hydrogen economy after the Government owned Clean Energy Finance Corporation announced a $300 million investment in hydrogen energy projects.

The news has been welcomed by Toyota Australia, Australia’s leading car manufacturer and great supporter of hydrogen technology.

Toyota’s future energy spokesperson Matt Macleod said Toyota was pleased by the government’s investment, with the company believing that support for hydrogen projects is critical for developing the country’s emerging hydrogen economy.

“Toyota welcomes initiatives designed to build demand in Australia for hydrogen as a viable energy storage medium, including duel supporting zero-emission transport,” said Macleod.

“Government investment will also play a significant role in the broader energy economy by supporting long-term sustainable hydrogen production, building supply chains and creating hydrogen hubs.”

Toyota have been heavily involved in hydrogen technology projects in recent times and have developed their own hydrogen powered vehicle, the Mirai fuel-cell electric vehicle.

Due to a lack of fuel-cell charging infrastructure currently available in Australia however, Toyota have not yet been able to release the Mirai for sale. Nevertheless, Macleod believes that investments like this one from the government, on top of investments from Toyota themselves, will soon see Mirai’s on the streets of Australia.

“Toyota’s ability to launch advanced vehicles in Australia such as the Mirai fuel-cell electric car – a hydrogen-powered sedan that emits only water vapour – depends on the development of an adequate refuelling infrastructure.”

Recent investments from Toyota include a $7.4 million hydrogen centre in Melbourne, backed by $3.1 million in further funding from the Australian Renewable Energy Agency.

“This project will deliver Victoria’s first commercial-grade hydrogen refuelling station by the end of this year and will be supported by a sustainable hydrogen production and storage facility.

“An education centre at the site, which has just been completed, will provide information that demonstrates the opportunity for hydrogen to meet the energy needs of our society in the not-too-distant future.”

To date there is only one hydrogen refuelling station in Australia, located at Hyundai’s Sydney head office and only accessible by Hyundai staff. However, plans are in the works for stations to be built in Canberra, Brisbane and Melbourne by the end of 2020, with more re-fuelling stations likely if investments continue in the technology.

Source: Toyota | Toyota welcomes federal government hydrogen initiative

8 May 2020

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