ARENA opened the Expression of Interest Fund to major projects in the field of renewable hydrogen, including in a number of sectors and end-use applications, and said that hydrogen projects previously supported by ARENA had identified a “significant trade gap” and that the new round of funding will help reduce hydrogen production costs. Arena has already released more than $55 million in grants to support the development and demonstration of new hydrogen technologies, including a $15 million gas power demonstration project with gas supplier Jemena. ARENA is launching a $70 million funding round for major renewable hydrogen production projects. Several major European steelmakers have begun trials on the use of hydrogen in steel production, and the Minister for Energy and Emissions Reduction, Angus Taylor, said ARENA funding would be key to developing Australia`s ability to supply renewable hydrogen to these industries. Arena expects a shortlist of potential projects to be tasked with submitting full applications for assistance later in 2020 and is working to conclude final funding agreements by the end of the year. “Despite the very significant benefits that hydrogen can bring, it is not yet cost-effective for large-scale use in our energy systems. This $70 million funding round will help demonstrate the technical and commercial feasibility of large-scale hydrogen production through electrolysis,” said federal Energy Minister Angus Taylor. The Australian Energy Agency has opened a new $70 million hydrogen funding round for applications, which the Agency hopes will accelerate the construction of a competitive global hydrogen industry in Australia. ARENA`s $70 million funding round, which will consist primarily of grants, will collaborate with an additional $300 million commitment from the Clean Energy Finance Corporation to provide direct support for investment in new businesses. The funding round builds on a commitment outlined by Taylor in a speech at a CEDA event in Sydney last year to achieve hydrogen production of less than $2 per kilogram, and has increased the potential to direct funding towards coal and gas hydrogen production, coupled with carbon capture and storage. New technologies are expanding the scope of renewable hydrogen, including use in energy storage for the electricity sector, as an alternative fuel for transport and as an alternative source of heat for energy-intensive industrial processes. . .