Australia's Bid to Be a Hydrogen Superpower Faces Challenges

Australia has natural advantages for hydrogen production like land, water and sun, but faces stiff global competition.

Producing green hydrogen is currently expensive; costs must fall dramatically for viability.

The US Inflation Reduction Act provides big subsidies; Australia may struggle to compete.

Australia has a large project pipeline but slow progress so far, risking missing the opportunity.

Government policy and investment critical in near term to drive down costs and build scale before window closes.