An industry focussed on extracting hydrogen from water could inject almost $4 billion into the Australian economy.
A new CSIRO report has projected Australia’s hydrogen electrolyser manufacturing (HEM) sector could generate $1.7 billion in revenue and create nearly 4000 jobs by 2050, with a further $1.2 billion opportunity in installation services.
CSIRO Futures Energy Lead Vivek Srinivasan said the report highlighted a significant opportunity in manufacturing devices that generated hydrogen from water using electricity, positioning Australia as a key player in the global transition to renewable hydrogen production.
Mr Srinivasan said the research underscored Australia’s strong starting position, with an emerging cohort of Australian electrolyser manufacturers translating innovations from the country’s research sector and a significant domestic pipeline of projects seeking to produce renewable hydrogen.
He said timely action was needed to capitalise on the current activity.
“Building an electrolyser manufacturing sector isn’t just about meeting immediate demand.
“It’s an opportunity to develop an industry that adds long-term value to our economy and strengthens our energy security through building sovereign manufacturing capability.”
Mr Srinivasan said by leveraging Australia’s renewable energy advantages and innovative R&D capabilities, Australia could become a player in the rapidly emerging sector.
He said the CSIRO report recommended a coordinated approach across research, industry, and government to realise the full potential of Australia’s HEM sector.
“In addition to electrolyser manufacturing, the report also identified significant potential for growth in electrolyser installation services, with projections of an additional $1.2 billion in revenue and 1000 jobs by 2050.”
Read the full Hydrogen Electrolyser Manufacturing Report.
