Port of Newcastle, is partnering with Macquarie Group’s, Green Investment Group and the Commonwealth Government’s Australian Renewable Energy Agency (ARENA) to support the development of a hydrogen economy in the Hunter Region.
The hub, called the Port of Newcastle Green Hydrogen Hub, will initially be underpinned by a 40 MW electrolyser which can generate sufficient green hydrogen to power 900 buses for a year and, will over time, increase to a capacity of over 1 GW.
It makes sense for the Port of Newcastle to play a substantial role in Australia’s bid to become a significant renewable exporter.With its existing access to global energy supply chains, world-class infrastructure, strong industry partnerships, proximity to existing demand, links to domestic road and rail networks, a local highly skilled workforce and proximity to renewable energy zones, Port of Newcastle is well placed to develop a hydrogen hub and export hydrogen as a tradable energy commodity.
A green hydrogen hub in the Hunter, underpinned by a 40MW electrolyser in its first phase, would support the creation of local jobs during construction and operations, the development of new industries and contribute to Australia’s long-term economic and energy security.
The potential to export hydrogen overseas as a tradable energy commodity positions the Port of Newcastle to provide the backdrop for Australia’s future export opportunity and grow further as a world-leading energy export hub.
Port of Newcastle and Macquarie’s Green Investment Group have launched a $A3 million feasibility study into the development of a green hydrogen hub at the Port that includes the backing of a $A1.5 million funding grant from ARENA, secured under its Advancing Renewables Program.
Port of Newcastle and Macquarie’s Green Investment Group have also signed Memoranda of Understanding with Idemitsu, Keolis Downer, Lake Macquarie City Council, Snowy Hydro and Jemena, all of whom will participate in the feasibility study. Macquarie’s agriculture platform, which manages more than 4.5 million hectares of farmland across Australia, will also participate in the feasibility study, focusing on green ammonia for fertiliser production. These partnerships represent key industries in the Hunter Region including agriculture, mobility, export and bunkering, energy generation and transport. A Memorandum of Understanding has also been signed with the University of Newcastle as the project’s research and development partner.
The feasibility study into the initial 40 MW hub will determine a broad and comprehensive range of potential use cases for green hydrogen in the region, which build on the Hunter’s strong industrial heritage. These include mobility, bunkering, energy production, and industrial uses at the scale necessary to position the Hunter at the centre of the emerging global green hydrogen opportunity. Developing these use cases would support the creation of local jobs during construction and operations, the development of new industries and contribute to Australia’s long-term economic and energy security.