New grant round open for QLD Hydrogen Industry Development Fund
The Queensland Government has announced a second grant round opening for the Hydrogen Industry Development Fund, holding the state at the forefront of renewable hydrogen.
Following the success from round one, which resulted in four projects across the state, the Queensland Government committed a further $10 million in funding in December 2020.
“We have an opportunity to position Queensland as a world-leading exporter of renewable hydrogen in the future. That’s what this initiative is all about,” said Premier Annastacia Palazczuk.
“We’ll continue to invest in this emerging industry to create jobs and rebuild our economy in years to come.”
The application of hydrogen technologies related to mobility or transport sector projects has been identified as a priority category for investment. This includes cars, buses, marine transport; machinery such as forklifts or farm equipment; refuelling infrastructure or hydrogen production equipment.
Up to $5 million in financial assistance is available for round two projects.
Deputy Premier and Minister for State Development Steven Miles said proponents could apply for funding to develop their renewable hydrogen projects.
Project proponents may include private sector businesses or companies, government-owned corporations, and local governments.
“Renewable hydrogen offers the opportunity to create a new high-tech industry delivering enhanced environmental outcomes and highly skilled jobs,” Miles stated.
“The commitment strongly aligns with Queensland’s Recovery Plan to rebuild the state economy after the effects of COVID-19.”
The fund supports the Queensland Hydrogen Industry Strategy which was launched in 2019 with a focus on attracting investment and driving sustainable industry development.
Applications close 5 pm, 2 June 2021.
Visit www.qld.gov.au/hydrogen for more information including how to apply.
Source: Queensland Government | Applications open for second round of Hydrogen Industry Development Fund