The NSW Hydrogen Strategy sets out our vision and path for developing a thriving green hydrogen industry in NSW. The policies set out in the Strategy aim to:
- reduce the cost of green hydrogen by $5.80 per kg in the next decade
- provide up to $3 billion of incentives to support industry development
- deliver our 2030 stretch targets of 110,000 tonnes of annual green hydrogen production and 700 megawatts (MW) of electrolyser capacity
- drive decarbonisation in the hard to abate transport, industrial and energy sectors to help us reach net zero emissions by 2050.