Another $2 Billion in the budget for Hydrogen, this time its called the HEADSTART Program !
I like the wording but doubt ECT will get anything to help Latrobe Valley transition to a Trillion dollar Hydrogen industry.
"In the global race for new energy jobs and investment, we were falling behind the pack," Mr Bowen said.
To stop the capital and brain drain to the United States, where generous clean energy tax breaks are available, the budget papers also include $2b to bankroll flagship renewable hydrogen projects.
The "hydrogen headstart" is intended to bridge the gap for projects that are not yet commercial, plug into new global supply chains, and put Australia on course for adding up to a gigawatt of electrolyser capacity by 2030.
https://www.canberratimes.com.au/story/8189699/clean-energy-budget-stakes-2b-on-renewable-hydrogen/
ECT at .009
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-33
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