Hydrogen Projects in Australia Are Struggling to Lure Investors

Shall we be surprised? Governments like to show their green credentials until they see the price tag. And assuming that they are already used to the crushing price tags of wind, solar, and EVs, it speaks volumes about hydrogen when those already hardened politicians get cold feet upon sight of the ghastly truth. Projects cannot take FID if they cannot secure long-term offtake contracts for sufficient volumes, decade-long terms, and offtake prices that are far above anything we have seen so far. They will also need that pretty much eternally. And if the market does not throw it at them, politics will have to. What social spending will be cut now? 

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