International businesses will invest $180 million to bring hydrogen energy storage to Canberra, including the first hydrogen-fuelled car fleet and service station.
The ACT government will soon have a fleet of 20 hydrogen-powered ix35 fuel cell Hyundais as a result of the energy storage investment by Neoen, Megawatt Capital and Union Fenosa.
As part of the deal, Canberra will also get the first hydrogen fuel station outside of Hyundai’s Macquarie Park headquarters in Sydney.
Minister for Environment and Climate Change Simon Corbell said the partnerships would position the ACT as a leader in a growing market, creating opportunities for local researchers and businesses.
“This is another example of the ACT Government delivering jobs and investment for our community, and benefiting from our large-scale auctions,” Mr Corbell said.
Neoen and Megawatt had been successful in the recent ACT 200MW Next Generation Renewables auction and, as a result, needed to make contributions to the government’s vision for Canberra as an internationally recognised centre for renewable energy innovation and investment.
“Hydrogen energy storage from 100 per cent renewable energy is an important complementary technology with huge commercial potential,” Mr Corbell said.
While the Hyundai hydrogen cars are not available for public sale, Canberra’s 20 are coming as part of a $23 million Renewable Transport Fuels Test Berth to be established by Neoen and expected to come on line in the ACT in 2018.