Australia's green hydrogen ambitions face clouded future

High production costs force Woodside, Origin Energy, Fortescue to scrap plans

20241018N Origin Energy

Origin Energy has announced that it will temporarily suspend all hydrogen-related business. © Reuters

RURIKA IMAHASHI, Nikkei staff writer

BRISBANE, Australia -- Australia's initiative to promote green hydrogen is facing strong headwinds as some companies suspend plans or abandon operations amid high costs for the renewable energy that drives production.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.