Andrew Horvath, Global Group Chairman of Star Scientific recently took part in a livestream event titled A new technology roadmap – from what to how, hosted by the Committee for Economic Development of Australia (CEDA).
The livestream looked at what the Australian energy sector needed to make significant progress on delivering a reliable energy mix. This was in light of the federal government’s Technology Investment Roadmap released in May.
Mr Horvath highlighted the foresight of countries across the world, such as the Middle East and Europe, in establishing 50-100 GW plants solely to produce hydrogen. He said this will subsequently drive down cost and position these countries to take advantage of the increasing demand for hydrogen.
Additionally, Mr Horvath challenged industry and policy makers to look at hydrogen as a viable domestic energy source for Australia, not just an export opportunity. He stated that Australia, with its solar and wind resources, is in a prime position to profit from hydrogen but also importantly, to use it.
With the world rapidly changing, Mr Horvath highlighted how increasingly hydrogen is becoming the ‘go to’ solution for our future energy transition, to store energy and produce heat.
He also pointed to the prevalence of the net zero carbon emissions argument, which is becoming the focus of manufacturing countries looking to woo investment.
The livestream was moderated by Clean Energy Finance Corporation CEO, Ian Learmonth and other speakers were Siemens Energy Australia Pacific Region CEO Michael Bielinski and AEMO Chief System Design and Engineering Officer Alex Wonhas. For the full webinar click here.