Some of Australia’s leading energy experts say that renewable hydrogen is beginning to reach cost parity with some fossil fuel equivalents, and can emerge as a high potential export industry for Australia – with tens of billions of dollars – as technology costs continue to tumble...

Professor Ken Baldwin of ANU’s Energy Change Institute told the media briefing on Wednesday that renewable hydrogen fuels have enormous potential to replace or supplement Australia’s fossil fuel exports.

“Australia has a lot of renewable energy, and there is a prospect that we could replace exports of fossil fuels with exports of renewable energy. One of the storage media we could use for exporting renewable energy could be hydrogen.” Baldwin told the briefing.

“In other words, you use solar and wind to create electricity, the electricity is used in electrolysis to produce hydrogen and you can ship that overseas to countries like Japan or South Korea that already have a very large program based around hydrogen as part of their future economies.”

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