The Clean Energy Finance Corporation (CEFC) has welcomed the launch of the $300 million Advancing Hydrogen Fund, reflected in the Australian Government Clean Energy Finance Corporation Investment Mandate Direction 2020.
The Mandate directs the CEFC to make available up to $300 million in CEFC finance to support the growth of a clean, innovative, safe and competitive Australian hydrogen industry.
An early priority will see the CEFC seek to invest in projects included in the ARENA Renewable Hydrogen Deployment Funding Round – a $70 million grant program aiming to demonstrate the technical and commercial viability of hydrogen production at a large-scale using electrolysis.
CEFC CEO Ian Learmonth said: “Hydrogen has the potential to make a substantial contribution to our clean energy transition, reducing emissions across the economy while underpinning the development of an important domestic and export industry.
