Globally and domestically, the demand for low carbon intensity energy is accelerating. Early adaptors and fast followers are working towards transitioning their industrial energy processes at pace, as they strive to meet 2030 and 2050 energy targets.
Hydrogen, ammonia, and e-fuels are all emerging as options to industrialise the conversion of renewable electricity, into a low carbon intensity energy source that can be transported in exportable volumes.
Australia finds itself in an advantageous position, with substantial land mass and favorable environmental conditions that can produce significant amounts of renewable electricity. The challenge is how to capture, convert, store, and transport this renewable electricity so the rest of the world can utilise it.
The Australian governments have made it clear; they’re invested in becoming a renewable energy superpower. International acknowledgment of Australia’s substantial and advantageous conditions is driving large scale foreign investment. It’s the above combination of domestic and international drivers, which will support the immergence of the green Industrial energy market.