Northern Territory publishes hydrogen master plan
The government of Northern Territory on October 7 released the Renewable Hydrogen Master Plan to guide the development of a renewable hydrogen industry in the state.
The master plan focuses on renewable or green hydrogen, which results in zero greenhouse gas emissions, and builds on the government’s 2019 Renewable Hydrogen Strategy’s vision to be a producer and exporter of renewable hydrogen.
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“The Territory is well placed to position itself at the forefront of the developing renewable hydrogen industry with large areas of land, high solar irradiance, close proximity to export markets, and an established world-scale energy production and export industry," the government said.
The government believes there are significant economic opportunities to be realised from a renewable hydrogen industry. It expects a share of Australia’s hydrogen export market of 15%, equal to the state’s current LNG share.
“The Territory delivers approximately 15% of Australia’s total LNG production and export. If the Territory captured even 15% of Australia’s hydrogen production under a high growth scenario, it could create A$3.7bn ($2.7bn) in growth and 2,535 extra jobs by 2050,” the master plan said.
Earlier this week, the state government also released the Darwin–Katherine Electricity System Plan, which highlights the potential for renewable hydrogen to support the target of 50% renewables by 2030 and commitment to net-zero emissions by 2050.