According to The Australian Financial Review, Woodside Petroleum is looking beyond gas to cleaner energy, jointly investing $40 million in a new research partnership with Monash University to explore the possibilities of hydrogen as a source of energy and carbon abatement.
The gas company has also committed $16.5 million to fund the construction of a new technology and design building in Monash's Technology Precinct, which will be equipped with 250 kilowatts of solar panels.
Woodside chief executive Peter Coleman told that "three years ago we were focused on improving our current business model and looked at how technologies could be used in the current business," he said. "But now we're saying we need to look at new technologies out there around renewable energy and for us, it's hydrogen.
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