Tasmanian Renewable Hydrogen Industry Development Funding Program
The Tasmanian Government is highly supportive of the development of a renewable hydrogen industry in Tasmania, both for domestic and export applications, as outlined in the Tasmanian Renewable Hydrogen Action Plan.
The $50 million Tasmanian Renewable Hydrogen Industry Development Funding Program was launched in May 2020 to help activate renewable hydrogen industry development in Tasmania.
The objectives of the funding program are to facilitate the development of a renewable hydrogen industry in Tasmania that:
- is in accordance with the Tasmanian Renewable Hydrogen Action Plan vision and goals
- is aligned with an efficient, integrated and coordinated industry development approach
- will ultimately provide economic, environmental and social benefits for Tasmania.
The funding program consists of:
- a $20 million Tasmanian Renewable Hydrogen Fund
- up to $10 million in support services including financial assistance for renewable electricity supply
- $20 million in concessional loans.
The funding program is available for projects, and feasibility studies, related to renewable hydrogen production, storage, distribution, export and domestic use within Tasmania.
The funding program is being run as a competitive process to ensure that the best projects for Tasmania receive support.
A two-stage application process applies for projects, consisting of a project EOI proposal stage and, if invited, a project full application stage. A single feasibility study proposal stage will apply for feasibility studies.
The program guidelines are available here.
Status of the Funding Program
Submissions for the Tasmanian Renewable Hydrogen Development Funding Program closed at 11:59pm on 18 August 2020.
There was strong interest, with 23 submissions received through this process, with a mix of proposals from feasibility studies and infrastructure projects. These projects cover the production, distribution and use of renewable hydrogen, with a wide-variety of potential end uses, including transportation.
An independent assessment panel is now considering the applications on their individual merit, and how each project would help achieve the vision and goals set out in the Tasmanian Renewable Hydrogen Action Plan. Recommendations from the assessment panel will be provided to the Tasmanian Government over the coming months, in line with the timelines set out below.
Project EOI proposal (stage 1) and feasibility study proposal stage opens
19 May 2020
Project EOI proposal (stage 1) and feasibility study proposal submissions close
18 August 2020
Successful feasibility studies announced
Invitation to successful project applicants to submit project full application (stage 2)
Project full application (stage 2) submissions close
To be determined
Successful projects announced
Within first half of 2021