"Senator HANSON-YOUNG: You mentioned before that you were doing some work in relation to hydrogen.I'm interested to know whether you think ARENA is better placed to develop hydrogen export industryopportunities or whether the CEFC should run that type of project.
Mr Miller: I think there's a role for both the CEFC and ARENA in developing the hydrogen opportunities. Asyou know, ARENA fits into earlier stage research to the pre-commercialisation part of the spectrum and CEFCtakes it from there and develops the funding initiatives. So what we see with hydrogen in particular is that theinnovation and the development of that industry is right throughout the train from research and development allthe way through to actually building large kits of electrolysers and industrial plants. There's the domestic side.There's the export opportunity. It's multifaceted. Our view is that it's going to require effort and funding from bothparties.
Senator HANSON-YOUNG: Obviously ARENA's role in that, then, would be very early on in thedevelopment?
Mr Miller: Yes. And often we'll cross over with the CEFC on a particular first-of-a-kind infrastructureproject. So where there is an existing technology but it's hundreds of millions of dollars to develop a plant, wewould take a very small piece of that project to give the investment community confidence. They may take alarger piece. Clearly, in the earlier stage—in the research and early stage deployment—that would be a roletypically just for ARENA, not the CEFC."
So if Hazer got funding from ARENA for the Demo Plant, there would be a reasonable chance CEFC (Clean Energy Finance Corporation) would come to the party, and chip in some money for the Commercial Plant.
HZR Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
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