Despite billions being pumped into trying to kickstart Australia’s hydrogen industry, department officials concede reaching profitability may be a long way off.
Jo Evans, the deputy secretary of the Department of Climate Change and Energy, said costs were still too high for hydrogen production.
“There’s no way they’ll make a profit at those costs,” Evans told Australia’s Joint Standing Committee on Trade on June 23.
“They do need to come down, and other costs need to come down before they’re going to be truly competitive. But we don’t know exactly at what point they will be able to make a profit,” she said….