The federal government’s $2 billion Hydrogen Headstart program is now open for expressions of interest, with no significant changes made to the production credit scheme since the draft guidelines were published.
It is expected that up to three hydrogen electrolyser projects will receive funding to subsidise the difference between the cost of producing hydrogen from renewable energy and the market price of hydrogen.
The Expression of interest process will remain open until November 10, with shortlisted projects to be invited to make full applications in 2024. During this period, project backers will have the opportunity to finalise funding and offtake agreements.
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