The Australian state of New South Wales (NSW) could soon transition from fossil-based electricity to 100% green hydrogen.
That’s the suggestion from green hydrogen specialist, Infinite Blue Energy (IBE), which has launched its ‘Project NEO’ to convert solar and wind energy into green hydrogen – any additional energy will be stored and converted to electricity, using its fuel cell technology.
This could provide round-the-clock power supply to the national grid network, mitigating the risks of outages.
The company says it hopes the project will help transform baseload energy production and supply in NSW by 2027.
Project NEO will initially provide 1,000MW of 100% green hydrogen baseload power and later expand to cover the AUD$6.55 billion (£3.5bn) NSW wholesale electricity market.
The project is expected to generate up to 3.5GW of renewable energy and could benefit more than two million homes in NSW.
IBE CEO, Stephen Gauld, said: Project NEO will produce local and indirect employment, allow existing industries to decarbonise and facilitate the establishment of new industries.
It will localise manufacturing, give a 100% green supply of power to NSW, fuel the reduction of the state’s carbon emissions and can, therefore, play a pivotal role in ultimately helping Australia become leaders in carbon emission reduction.
The project is estimated to cost a total of AUD$2.7 billion (£1.44bn).