The renewables-based hydrogen project in NSW is backed by more than $500 million of government funding for upfront capex and to offset higher production costs.

The renewables-based hydrogen project in NSW is backed by more than $500 million of government funding for upfront capex and to offset higher production costs.

Just two projects were funded under Hydrogen Headstart and one has just reached FID, with work to start imminently.

Australian explosives and chemicals company Orica (ASX:ORI) has taken a final investment decision (FID) on its 50-MW Hunter Valley Hydrogen Hub in New South Wales, allowing the…