$2b hydrogen fund to target ‘flagship’ projects

According to The Australian Financial Review, as countries rush to establish “clean” hydrogen industries, Energy and Climate Change Minister Chris Bowen said he hoped the rejigged national hydrogen strategy would kickstart the sector and help meet net zero by 2050.
However, only one renewable hydrogen project with a capacity of at least 10MW had got the final go-ahead for construction by the end of 2022.
That project, the Yuri venture in Western Australia owned by France’s Engie and Japan’s Mitsui, is 10 times bigger than the largest now in operation, meaning Australia’s total capacity is a fraction of the almost 1400MW of committed capacity in the European Union, and 300MW in the US.
The 10MW Yuri project will produce up to 640 tonnes a year of renewable hydrogen.

https://www.afr.com/companies/energy/2b-hydrogen-fund-to-target-flagship-projects-20230706-p5dm9c