Where we invest

Advancing Hydrogen Fund

Hydrogen has the potential to make a substantial contribution to our clean energy transition

– reducing emissions across the economy while underpinning the development of an important domestic and export industry.

Renewable hydrogen can enable the deep decarbonisation of notoriously difficult-to-abate sectors, particularly in transport and manufacturing, while accelerating the contribution of renewable energy across the economy.

Through the $300 million Advancing Hydrogen Fund the CEFC is working to support the growth of a clean, innovative, safe and competitive Australian hydrogen industry. Eligible projects can include advancing hydrogen production, developing export and domestic hydrogen supply chains and establishing hydrogen hubs. The fund can also consider investing in infrastructure for a hydrogen export industry as well as projects that assist in building domestic demand for hydrogen.

Applications for renewable hydrogen

Transportation

Fuel for light and heavy-duty vehicles, material handling, rail, shipping, marine and aviation.

Feedstock for industry

Including providing low emissions feedstock for ammonia, methanol, oil refineries and steel mills.

Generation and balancing

Providing centralised power, including storage, and distributed power (off-grid and back-up).

Fuel for industry

Especially in medium-high grade heat applications which are notoriously difficult to electrify.

Fuel for buildings

Applications include blending into the gas grid and combined heat and power.

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CEFC Advancing Hydrogen Fund

The CEFC Advancing Hydrogen Fund is aiming to invest up to $300 million to support the growth of a clean, innovative, safe and competitive Australian hydrogen industry.

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Australian hydrogen market study

Low carbon hydrogen is emerging as a potential key vector for the future of the Australian energy transition and the industrial economy. This study explores the costs of production and the competitiveness of low carbon hydrogen in 25 Australian end-use sectors, relative to the incumbent technology.

Case study

Ark Energy sets sights on zero emissions hydrogen powered trucks

Vehicles in the heavy transport sector have ultra-heavy payloads and typically operate around the clock, so cannot be off the road for several hours to recharge. These unique Hyzon trucks will be custom built for Australian conditions, fast tracking the switch to clean energy in Australia’s ultra-heavy transport sector by several years.
Ian Learmonth
CEFC, CEO

Clean and efficiently green frontier hydrogen development

We have been looking globally for new technology that can unlock the trillion-dollar opportunity in hydrogen. The Hysata technology is truly world-leading, and we’re very excited to help the team in their mission to make green hydrogen a reality for Australia and the world.
Michael Molinari
Managing Director, IP Group Australia