The architect of the first national clean hydrogen strategy, former chief scientist Alan Finkel, says his support for the fuel has “evolved” and concedes it is difficult to see it replacing gas for heating homes.
Dr Finkel, who was commissioned by the Coalition to deliver a road map for developing a local hydrogen industry, said it was “increasingly clear that green hydrogen is too expensive” and Australia was “unlikely to use hydrogen for storage of electricity”.
Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com