ARENA Obtains Grant Requests Worth $1 Billion for Green Hydrogen Projects

The Australian Renewable Energy Agency (ARENA) has announced that it has received proposals for renewable hydrogen projects worth over AUD 3 billion (USD 2.1bn/EUR 1.8bn) in its first funding round for large-scale projects in the country.

ARENA launched the AUD-70-million funding initiative in April and has received 36 expressions of interest in the initial application stage.

Applications were made for over AUD 1 billion in grant requests. The projects submitted for funding relate to nearly 500 MW of total electrolysis capacity, with projects in the 5 MW-80 MW range. Proposals have been made from all over the country.

After evaluating the proposals, ARENA will request qualified projects to file a full application. The funds are projected to be distributed by the end of the year.

With this funding round, ARENA will support two or more large-scale electrolysers projects of at least 5 MW, with "a preference" for installations of 10 MW or more.