Speakers at this event included Emma Nesbitt, Chair of the THTC and COO of the DIH, Gavin Asikas, Manager Energy Supply Chains with NERA, Mary Hackett, THTC Ambassador and Chair of Future Energy Exports CRC (FeNEx), Jill Stajduhar, COO of FeNEx and Harley Paroulakis, CEO of Paspalis.
The Northern Territory Hydrogen Cluster facilitates projects, investment and capital as well as skills and industry development in the sector, into the Territory.
As part of the Darwin Innovation Hub’s commitment to the success of the industry and helping companies establish a base in the Northern Territory, the cluster is supported by resident venture capital fund, the Paspalis Innovation Investment Fund (PIIF).
At the launch, expressions of interest were called for projects to put forward for review and possible funding of up to $2 million by the Paspalis Innovation Investment Fund. From today, Paspalis will undertake a review on projects put forward over the next 6 to 8 weeks.
In conjunction to any investment made, the Northern Territory Government has committed $100,000 early-stage seed funding to support development of a project selected by PIIF for venture capital investment.
It is expected that these projects would align to the targets outlined in both the Northern Territories Renewable Hydrogen Strategy and the Territory Economic Reconstruction Commission Final Report.
- Preparing local industry capabilities, logistics and supply chains to facilitate the adoption of renewable hydrogen, providing opportunities for the diversification of the Territory’s economy, generating job opportunities and growing the population.
- Optimising the NT’s resources and infrastructure and ensuring that local industry at all stages of the supply chain are prepared for the establishment of the new industry.
- Growing and harnessing demand for hydrogen to maximise the local use and international export potential.
- Ensuring that the Territory remains at the forefront of innovation when optimizing hydrogen opportunities, and;
- Assist to diversity the economy of the Territory, new projects, industry and innovation come with reviews into existing legislation, regulations and standards.
The final report from the Territory Economic Reconstruction Commission recommends the actions of supporting pilot or demonstration hybrid hydrogen and solar projects, including for remote power micro grids and blending with natural gas in pipelines and generators.
If you have a project that aligns to this criteria – please submit your Expression of Interest by emailing [email protected]