Budget 2023-24: $2 billion on emerging hydrogen industry
Provaris welcomes the Federal Government’s announcements in last night’s Budget 2023-24 in relation to (additional) initiatives to position Australia as renewable energy superpower. With respect to building Australia’s hydrogen economy and hydrogen production, we can summarise the following initiatives which could have relevance to the Tiwi H2 export project. We look forward to continuing our consultation with the Federal and Territory governments in support of our project development activities.
- $2 billion for Hydrogen Headstart, providing revenue support for large-scale renewable hydrogen projects through competitive hydrogen production contracts. These will help bridge the commercial gap for early projects and put Australia on course for up to a gigawatt of electrolyser capacity by 2030 through 2 to 3 flagship projects.
- $38.2 million in funding for a Guarantee of Origin scheme, which will certify renewable energy and track and verify emissions from clean energy products – in particular hydrogen. This is critical funding to ensure Australia is seen as an attractive investment destination, to accelerate investment in an Australian hydrogen industry and to support access to future markets for verified renewable and clean products. In our interactions with prospective customers, credible certification has been a consistent discussion point and as such this initiative is very welcome.
- $2.0 million to establish a fund to support First Nations people and businesses to engage with hydrogen project proponents, planning processes and program design.
Click here for further details on the budget papers
Click here for coverage in today’s press
Provaris will continue to update shareholders and our project stakeholders in the coming months as these initiatives are further understood and developed by the Climate Change and Energy Department to which we have been consulting since the change in government.
FOR FURTHER INFORMATION PLEASE CONTACT:Martin Carolan
Managing Director & CEO
T: +61 404 809 019
E:mcarolan@provaris.energy
ABOUT PROVARIS ENERGY
Provaris is making the future of green hydrogen accessible through the simplicity and efficiency of compressed hydrogen. Our mission is to become a leading developer of integrated green hydrogen projects.
- Forums
- ASX - By Stock
- Budget 2023-24: $2 billion on emerging hydrogen industry
Budget 2023-24: $2 billion on emerging hydrogen industryProvaris...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PV1 (ASX) to my watchlist
|
|||||
Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.83M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.1¢ | $7.644K | 327.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 249293 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 116714 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 249293 | 0.021 |
4 | 337155 | 0.020 |
4 | 614561 | 0.019 |
1 | 16676 | 0.018 |
3 | 558823 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 116714 | 3 |
0.026 | 182548 | 1 |
0.027 | 22222 | 1 |
0.028 | 75300 | 1 |
0.029 | 7500 | 1 |
Last trade - 15.22pm 30/08/2024 (20 minute delay) ? |
Featured News
PV1 (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online