Hydrogen investment and funding

Queensland is fast becoming a leading renewable hydrogen producer. Our state's competitive advantage in the global market is due to:

• abundant renewable energy resources
• a history as a long-term and trusted trading partner
• established, government-owned infrastructure
• proximity to Asian markets.

The Queensland Government is supporting the rapid development of the renewable hydrogen industry and has invested more than $300 million since 2019 as part of its Queensland Hydrogen Industry Strategy.

There are currently more than 60 hydrogen projects across the entire supply chain, including in hydrogen production, storage, transportation and utilisation. Queensland is well positioned to establish a world-scale hydrogen industry.

Queensland Government investment

Through the Queensland Energy and Jobs Plan, the Government is continuing to support the growth of the renewable hydrogen industry. These actions include:

• $15 million to plan for hydrogen hubs in key locations across the state including Gladstone and Townsville
• $5 million to engage Queensland communities in the opportunities of our renewable hydrogen future
• investment in a new 400MW hydrogen-ready gas peaking power station at Kogan Creek
• investment in a new 30MW hydrogen-ready gas peaking power station at Barcaldine Power Station
• Preparing legislation to support the safe and effective development of Queensland's hydrogen industry.

Queensland Hydrogen Industry Development Fund

Since the Hydrogen Industry Development Fund (HIDF) was first announced in 2019, a total of $35 million has been committed by the Queensland Government for hydrogen industry development activities.

Learn more about the HIDF projects announced to date.

Queensland Renewable Energy and Hydrogen Jobs Fund

To support hydrogen industry development, the $4.5 billion Queensland Renewable Energy and Hydrogen Jobs Fund positions Queensland’s Government owned corporations at the forefront of renewable energy and hydrogen production.

The Queensland Renewable Energy and Hydrogen Jobs Fund allows energy Government owned corporations to increase ownership of commercial renewable energy and hydrogen projects, as well as supporting infrastructure, including in partnership with the private sector.

Learn more about the Queensland Renewable Energy and Hydrogen Jobs Fund projects announced to date.

For more information on investing in Queensland visit Trade and Investment Queensland to download the Queensland Hydrogen Prospectus.