Context A global energy transformation is under way, driven by international carbon reduction agreements and generational scale government and private investments. Renewable energy generation (wind, solar and geothermal), battery storage and manufacturing, microgrids and green and blue hydrogen production facilities are being funded at a rate similar to the internet investments of the late 1990s and early 2000s. Demand for green hydrogen production in WA alone is estimated to require an additional 100 GWh of renewable energy generation in the coming decade. The global market for hydrogen is projected to grow by a factor of ten by 2026. Multi-service infrastructure corridors are being proposed to improve energy resilience and leverage distributed renewable energy generation investments in regional areas, including mine sites and regional towns. The future productivity and prosperity of WA will be determined by the way these investments are coordinated and delivered. Rationale There are clear business opportunities in this energy transformation through investing in key nodes and parallel infrastructure that enhance energy reliability, reduce costs and boost regional economic development. Existing renewables, battery and hydrogen energy projects will need to be scaled up significantly to meet demand, leveraging off Government investments and policy drives to Net Zero. Focusing investment on these priorities will establish the next set of investment and economic development opportunities.
There are significant public and private investment opportunities to scale up new energy technologies throughout regional WA, decarbonising the economy and offering locations where business can manufacture goods using 100% green energy.
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