Australia's Hydrogen Electrolyser Industry Set to Boom by 2050

Australia’s hydrogen electrolyser manufacturing (HEM) sector could generate $1.7 billion in revenue and create nearly 4,000 jobs by 2050, according to a new CSIRO report. With a robust renewable energy base and innovative research capabilities, Australia is well-positioned to tap into the growing global hydrogen market.

The report identifies key strategies to develop a thriving HEM sector:

• Aggregated Demand: Align clean energy projects to support strategic investment.

• Sovereign Capabilities & Partnerships: Balance domestic production with international collaborations.

• Strategic Hubs: Establish manufacturing hubs that leverage Australia’s renewable energy resources.

Additionally, the electrolyser installation services market could add another $1.2 billion in revenue and 1,000 jobs by 2050.

CSIRO’s Vivek Srinivasan and Patrick Hartley stress the need for timely, coordinated efforts across government, research, and industry to seize this opportunity. Hartley highlights Australia’s renewable hydrogen pipeline and the potential to build a geographically aligned supply chain, which could bolster energy security and economic growth.

By acting now, Australia could secure a significant portion of the global electrolyser market, reaping both economic and environmental rewards.

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