ALP promises $1 billion to support hydrogen development

Federal Labor has promised to devote $1 billion to developing the Australian hydrogen sector, as part of a plan designed to "supercharge Australia's renewable energy industry". The plan would see a $3 million National Hydrogen Innovation Hub created in Gladstone, Queensland, driven by the broader promise of growth in the burgeoning hydrogen industry. According to the Federal Opposition, the industry could be worth $10 billion over the next two decades.