CEFC launches AUD300m Advancing Hydrogen Fund

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

The Clean Energy Finance Corporation has welcomed the launch of the AUD300 million (US$192.48 million) Advancing Hydrogen Fund that seeks to finance the growth of a clean Australian hydrogen industry. 

The CEFC Advancing Hydrogen Fund will draw on existing CEFC finance. In line with the CEFC Act, projects seeking CEFC finance through the Advancing Hydrogen Fund are required to be commercial, draw on renewable energy, energy efficiency, and/or low emissions technologies and contribute to emissions reduction.

Through the Advancing Hydrogen Fund, the CEFC expects to provide either debt or equity finance to eligible larger-scale commercial and industrial projects, typically requiring AUD10 million (US$6.4 million) or more of CEFC capital. CEFC investments typically include co-financiers and/or equity partners where possible.

CEFC seeks to invest in projects included in the ARENA Renewable Hydrogen Deployment Funding Round. The ARENA Round is an AUD70 million (US$44.8 million) grant program aiming to demonstrate the technical and commercial viability of hydrogen production at large-scale using electrolysis.

In considering investment proposals for the Advancing Hydrogen Fund, the CEFC prioritizes projects that 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.
List of the country updates

Country updates

  • May 04, 2020

    AGL completes last turbine for Coopers Gap Wind Farm

    AGL has completed the construction of the final turbine at Coopers Gap in Queensland. The company has hoisted the final blade on the 123rd wind turbine into place by crane and fitted to...

    Read more
  • April 30, 2020

    BJCE Australia installed the first turbine for its 110 MW Biala wind project in New South Wales

    Beijing Jingneng Clean Energy (Australia) Holding Pty Ltd (BJCE Australia) has installed its first of 31 turbines 110 MW Biala wind project located in the south of Grabben Gullen, New South Wales...

    Read more
  • April 29, 2020

    57.6 MW Cherry Tree Wind Farm delivers first generation in Victoria

    John Laing Group has announced that the 57.6 MW Cherry Tree Wind Farm has delivered the first generation to the National Electricity Market.  The Cherry Tree Wind Farm is located approximately 15...

    Read more
  • April 24, 2020

    400 MW Solar project to be reviewed in New Soth Wales

    UPC/AC Renewables Pty Ltd in Australia has submitted a scoping report for the 400 MW Stubbo Solar Farm project to the New South Wales Department of Planning, Industry, and Environment (DPIE).  

    Read more
  • April 21, 2020

    PetroChina, Shell commence first phase of Surat Gas Basin Project in southern Queensland

    Shell Australia (Shell) has taken a final investment decision to develop the first phase of Arrow Energy’s Surat Gas Project in Queensland, Australia. This decision will bring up to 90 billion...

    Read more

Share this update