Green hydrogen hub at Port of Newcastle receives $41 million funding boost

The Port of Newcastle Green Hydrogen Hub Project has received AUS$41 million ($29 million) in funding to proceed with Phase I.

On 28 April, the project received a vote of confidence by Angus Taylor MP, Minster for Industry, Energy and Emissions Reduction, following the announcement of the investment.

The Port of Newcastle has released a statement to praise the new funding, which is set to position the port as a leading site to establish a hydrogen hub, with connectivity to domestic and export infrastructure, proximate demand, and access to renewable energy.

The project is a joint venture with Macquarie Capital and Macquarie’s Green Investment Group and is currently progressing an ARENA funded feasibility study.

The hub is being developed with a phase one minimum 40MW electrolyser that over time could increase to a capacity of over 1 GW.


© Port of Newcastle
“This funding is a vote of confidence by the Federal Government, which recognises the role of the Port as a key player in the emerging global green hydrogen economy,” said Craig Carmody, CEO of the Port of Newcastle.

“The significance of this funding cannot be understated. By 2025, we hope to have Phase I of the Hydrogen Hub complete, which will benefit a range of local industry and position the Hunter Region to be a key player in the emerging hydrogen opportunity.”

Kate Vidgen, Global Head of Industrial Transition and Clean Fuels at Macquarie Green Investment Group, added: “The importance of hydrogen as a decarbonisation pathway continues to emerge globally.”

“Successful projects will rely on strategic sites with local demand and clear paths for scale over time and today’s announcement underscores Newcastle’s world-class capability in this field.”
https://www.porttechnology.org/news/green-hydrogen-hub-at-port-of-newcastle-receives-41-million-funding-boost/