he specifically mentions the cost of energy is too high. It makes sense. Green hydrogen should be used from the surplus renewable electricity during peak times.
Renewable energy has variable pricing based on the wind and sun. In peak times we will have surplus and that is when green hydrogen should be produced. During peak renewable generation eg sunny and windy power should be cheap and hydrogen producers should be opportunistic in these times. In low production times the electrolysers are turned off.
Green steel will be the biggest win for Australia in history.
We need to triple down on renewable energy production, following china's lead.
(20min delay)