The Queensland Government is allocating $750,000 in next month’s state budget towards developing hydrogen (H2) as a “credible alternate source of renewable fuel”.
Premier Annastacia Palaszczuk announced the first steps towards creating a new renewable energy industry today as part of her trade mission to Japan. The funding will support the investigation of producing and supplying H2 at a competitive price to alternative energy sources.
“Japanese companies are pursuing a number of different technologies in an effort to bring H2 to market as a credible alternate source of renewable fuel. As this technological process unfolds, Queensland has the raw materials that can put us at the front of an energy revolution. Now is the time to position Queensland to take advantage of the opportunities that lie ahead,” Palaszcuk said.
The Premier said a Queensland H2 industry could further entrench Queensland’s dominance as a supplier of energy to domestic and international markets.
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