, APAC
Chart from Fitch Solutions.

Australia, Mainland China top Green Hydrogen Suitability Index in Asia

China is expected to exceed Australia in the medium to long term.

Australia and Mainland China are the “outperforms” in the Green Hydrogen Suitability Index in Asia, according to a report by Fitch Solutions.

Australia garnered an index of 75.81, ranking first regionally and fourth globally, whilst Mainland China was second in the region and fifth in the world with a Green Hydrogen Sustainability Index of 75.39.

Fitch said Australia’s ranking is a reflection of the low risks in its market when developing green hydrogen production capabilities that are supported by a diverse and competitive renewables landscape, low financial barriers, and limited legal risks.

READ MORE: Reducing green hydrogen costs hangs on gov’t support

It added that the country, which has one of the least economic and political risks in Asia, has a strengthening pipeline of solar and wind projects that are also tied to hydrogen production.

Some of the government commitments toward a low-carbon energy transition include the A$454m Regional Hydrogen Hubs programme, reviewing the regulatory frameworks for hydrogen development, and developing an industry standard for hydrogen production in the country.

However, it said that China would exceed Australia’s performance for the medium to long term due to increasing market support.

It noted that the National Development and Reform Commission and the National Development and Reform Commission and the National Energy Administration have a long-term hydrogen plan for 2021 to 2035 which includes the production of 100,000 to 200,000 tonnes of green hydrogen by 2025.

“Having such a large base to feed renewable electricity to the green hydrogen production industry will present rewards for developers in the sector. We believe this strong growth of renewables in China will be the main contributor to the market’s strong performance to edge past Australia,” Fitch said.

China’s growing renewables sector, which is at about 1,195GW by the end-2022 and is expected to reach about 2,375GW in 2031, also supports the future expansion of green hydrogen production

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Summit Power International provides vital LNG support to Bangladesh
Without cross-border electricity supply, LNG is needed by a country facing geographical constraints to deploy renewables.
PLN focuses digital processes on equitable electricity distribution
State-run firm’s president succeeded in electrifying 76,900 villages and sub-districts throughout Indonesia.
VOX POP: How can vehicle-to-grid technologies boost energy transition?
Vehicle-to-grid (V2G) technology is seen as a groundbreaking innovation towards the resilience of the power grid and the improvement of robust energy transition.