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Jack_Bolander

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Jack_Bolander

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Friday, 10/04/2024 12:52:11 PM

Friday, October 04, 2024 12:52:11 PM

Post# of 58260
Origin Energy one of the top 3 utilities in Australia announced it will exit the govt backed Hunter Valley hydrogen hub project after attending a fact finding trip to Gastech.

Citing market uncertainty and high risks they say they do not see a pathway to a FID.. Origin told investors that it "intends to cease work on all hydrogen development opportunities".

"Origin CEO Frank Calabria said: “We continue to believe hydrogen could play a role in the future energy mix. However, it has become clear that the hydrogen market is developing more slowly than anticipated, and there remain risks and both input cost and technology advancements to overcome.” "
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