SA acts to build Australian first green hydrogen power plant -...

SA acts to build Australian first green hydrogen power plant - Australian Manufacturing Forum (aumanufacturing.com.au)

The South Australia government has called for proposals to build an Australian-first 200MW green hydrogen power plant, as well as hydrogen storage capabilities at the steel city of Whyalla. State energy minister Tom Koutsantonis today issued a request for proposals (RFP) for the supply, construction and operation of the hydrogen plant and equipment, as well as opening the way for a power station to utilise green hydrogen produced at the plant.

The government has earmarked $593 million to build a 250MW hydrogen electrolyser at Whyalla, along with a the hydrogen power plant.The investment underpins $18 billion worth of hydrogen processing investments planned for Whyalla by Fortescue Future Industries, Origin Energy, H2U, Neoen, Chiyoda, ENEOS Australia, Mitsubishi Australia, and AMP Energy, as well as Greensteel production planned by the GFG Alliance"

We all know that SA is planning to live of green energy fully by 2030. This is one small step to reaching that goal. MGT should be in stage 2 - 7mt/annum by the time this plant is operational so we will definitely be benefiting from this. Excellent development for SA.

One thing I found intriguing is that it ALMOST seems like they are trying to bring green steel manufacturing back to Australia. Think about it. SA is the best place to make this happen. Port expansions + tons of magnetite + renewable energy grids + hydrogen generation + hydrogen storage + government backing. They have all of the ingredients to bring steel manufacturing back to Australia.

Definitely a step in the right direction. Future is looking bright for all us holders!