Written by Anamaria Correal, Trademark Attorney
The Long-Term Emissions Reduction Plan (the Plan) will reduce the cost of low emissions technologies to accelerate their development and commercialisation. This plan is based on existing Australian policies and does not rely on taxes. The Australia’s priority low emissions technologies include clean hydrogen, ultra-low cost solar, energy storage for firming, low emissions steel, low emissions aluminium, carbon capture and storage and soil carbon. Nevertheless, this article will focus on Hydrogen.
Hydrogen Industrial Hubs opportunities
Hydrogen is a clean energy solution that is depicted as flexible, transportable, storable, and safe fuel. It has different uses, such as generating electricity, powering vehicles, producing heat, and making products like fertilisers, plastics, and explosives. To assist Australia to achieve its emissions reductions goals, a competitive grants program under the National Hydrogen Strategy has been realised.
What are Hydrogen Industrial Hubs?
Hydrogen hubs are regions where several producers, users, and potential exporters of hydrogen across industrial, transport, export and energy marketers are geographically co-located. Angus Taylor pointed out that “Hydrogen hubs are crucial to realising the Morrison Government’s vision of making Australia a major global player in hydrogen production and exports by 2030”.
What is the Clean Hydrogen Hubs Program?
There are two grant opportunities under the program.
- The Hub Development and Design Grants: Is a program that supports the initial development, feasibility and design work needed to carry out Hydrogen Hub Proposals.
- Funding: It will be up to 50% of eligible project expenditure. The matched grant funding from $500,000 to $3 million.
- The priority hub locations are: Bell Bay (TAS), Darwin (NT), Eyre Peninsula (SA), Gladstone (QLD), Hunter Valley (NSW), La Trobe Valley (VIC), Pilbara (WA). Nevertheless, applicants are able to define the ‘region’ to which their application relates.
- Eligibility: to be eligible, you must have an Australia Business Number (ABN). Also, you must have an entity incorporated in Australia, or an Australian State/Territory Government agency or body.
- Closing date: 22 November 2021
- Hub Implementation Round 1 Grants: involves the implementation of grants that supports the Australian hydrogen industry across regional Australia.
- Funding: matched grant funding from $30 million to $70 million.
- Eligibility: to be eligible to the Hub Implementation Round 1 grants, it is necessary to have an Australia Business Number (ABN). Also, you must have an entity incorporated in Australia, or an Australian State/Territory Government agency or body.
- Closing date and time: 22 November 2021, 5:00pm AEDT.
Harris Gomez Group opened its doors in 1997 as an Australian legal and commercial firm. In 2001, we expanded our practice to the international market with the establishment of our office in Santiago, Chile. This international expansion meant we could provide an essential bridge for Australian companies with interests and activities in Latin America, and in so doing, became the first Australian law firm with an office in Latin America.
We provide innovative technology and resources businesses with legal and commercial expertise to realise their global potential. Our goal is to see innovative businesses establish and thrive in the global market. We are proud members of Austmine.
To better understand how we can support your management team in the Region, please contact contact@hgomezgroup.com
