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The $300 million Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC)

The Australian Government has established funding to support hydrogen-powered projects

The Clean Energy Finance Corporation has welcomed the launch of the $300 million Advancing Hydrogen Fund, reflected in the Australian Government Clean Energy Finance Corporation Investment Mandate Direction 2020.

The Mandate directs the CEFC to make available up to $300 million in CEFC finance to support the growth of a clean, innovative, safe and competitive Australian hydrogen industry

As an early priority, CEFC will seek investment in projects included in the ARENA Renewable Hydrogen Deployment Funding Round. The ARENA round is a $70 million grant program aiming to demonstrate the technical and commercial viability of hydrogen production at a large-scale using electrolysis

Eligible projects can include those which promote the objectives of the National Hydrogen Strategy and that focus on one or more of the following:

  • advancing hydrogen production projects
  • developing export and domestic hydrogen supply chains, including hydrogen export industry infrastructure
  • establishing hydrogen hubs
  • other projects that assist in building domestic demand for hydrogen

CEFC finance for the hydrogen sector has the potential to deliver significant benefits:

  • Drive large-scale deployment of electrolyser technologies: leading to technology cost reductions, improved supply chain expertise, increased industry expertise and offtake opportunities
  • Catalyse the hydrogen industry: to accelerate the deployment of large-scale renewable energy hydrogen technologies, including demand-side projects to achieve price discovery, increase transparency of current and projected economies of scale, and increase skills and market knowledge
  • Access to tailored finance: providing investing support to project proponents as they seek to accelerate hydrogen developments
  • Support the implementation of the National Hydrogen Strategy: including its aims to create jobs, especially in regional areascontribute to a cleaner environment, increase prosperity and enhance Australia’s fuel security

Dowling Consultancy welcome contact from any businesses that is open to access our professional grant application services to support their submission

If you require assistance with your grant writing challenges, then we would welcome the opportunity to assist in accelerating your potential to win a grant

We have assisted numerous businesses with grant applications and win government grants

Contact Steve Dowling on 0409 478 850 for a confidential, no obligation discussion

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