Infinite Green Energy to receive $5m via the Investment Attraction Fund

  • Infinite Green Energy to receive a $5 million grant from the WA Government to progress the MEG HP1 Hydrogen Project in Northam, Western Australia.
  • Funding was provided to Infinite Green Energy through the WA Government’s $148.4 million Investment Attraction Fund (IAF).
  • Infinite Green Energy has signed a Financial Assistance Agreement with the Cook Government for $5 million in grant funding.

IGE is developing and constructing WA’s first renewable hydrogen production system, in partnership with Samsung C&T and Doral Energy Group (DEG).

The Project will incorporate renewable hydrogen production, distribution, and provision to consumers through Hydrogen Refuelling Stations (HRS).

The Project – using electricity generated by the Northam Solar PV Farm and supplemented by the South West Interconnected System (SWIS) – is expected to produce up to 4 tonnes of renewable hydrogen per day.

IGE is expanding the solar generated by the Farm from 11MW to 24MW, with 15MW of new wind to be installed in line with the Project’s development.

The grant is allocated by the WA Government through the $148.4m Investment Attraction Fund (IAF), which seeks to encourage new industries and support economic development and diversification within the State.

The IAF is designed to encourage investment, generate local opportunities, increase the demand for local goods and services, and secure trade in new sectors, and with new markets.

Comments attributed to Hon. Bill Johnston, Minister for Hydrogen Industry:
“The $5 million, from the Investment Attraction Fund, will help Infinite Green Energy establish Western Australia’s first renewable hydrogen production system.

“This is an important step to help kickstart the development of an end-user market for locally produced renewable hydrogen.

“The construction, commissioning, and ongoing maintenance of the project is expected to create over 100 jobs and help decarbonise the State’s economy,” said Minister Johnston.

IGE CEO Stephen Gauld said he welcomed the WA Government’s support via the IAF.

“This grant will support the development and construction of the MEG HP1 Hydrogen Project and will help IGE to make a meaningful contribution to the transition to a net zero economy in WA.

“The funds will also help to create WA’s first network of hydrogen refueling stations, with plans for stations in Northam, Perth Airport, and other regional areas,” said Mr Gauld.

IGE is anticipating a Final Investment Decision (FID) for the MEG HP1 Hydrogen Project in 2023 with the first hydrogen expected in late Q1 2025.