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Department of State Growth

Tasmanian Renewable Hydrogen Industry Development Funding Program

Overview

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.

A comprehensive $50 million package of support measures has been established to help activate renewable hydrogen industry development in Tasmania.

A competitive funding program has been developed to provide access to key support measures which include:

  • 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 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 is available for projects and feasibility studies related to renewable hydrogen production, storage, distribution, export and domestic use within Tasmania.

The funding program is available through a competitive process to ensure the best projects for Tasmania receive support.

Information for applicants

The Tasmanian Renewable Hydrogen Industry Development Funding Program guidelines describe how proponents can seek access, through a competitive process, to the financial support measures offered by the Tasmanian Government.

A two-stage application process will apply 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.

Prospective applicants are required to execute a Tasmanian Renewable Hydrogen Development Funding Program process deed. This will provide access to additional information regarding the funding program, including a question and answer (Q&A) process.

Documentation, including the process deed and funding program applications, must be submitted online through SmartyGrants. The process deed must also be signed and returned to the contact officer via postal mail.

Timelines

Event

Date

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

October 2020

Invitation to successful project applicants to submit project full application (stage 2)

October 2020

Project full application (stage 2) submissions close

To be determined

Successful projects announced

Within first half of 2021