The lead proponent in the $55 billion Australian Renewable Energy Hub hopes to pull the trigger on a final investment decision as early as 2027, despite the withdrawal of energy giant BP.
BP has formally walked away from its lead stake in a $55 billion green hydrogen project in the Pilbara, in a third major blow for the nascent sector this week.
A pastoral station just north of Kalbarri could be home to Australia's first giga-scale hydrogen development after its backers introduced major changes.
Junior ASX company Pilot Energy has struck a conditional partnership agreement with South Korean engineering giant Samsung but failed to impress the market, with its shares falling sharply today.
Korea's largest electricity utility has signed an early agreement with the backers of the Western Green Energy Hub, one of several giant renewable energy projects mooted for WA.
BP will take the lead on what is touted to become one of the world's largest renewable energy hubs, after the oil and gas giant took a stake in the Asian Renewable Energy Hub in the Pilbara.
The difficulty of building large scale hydrogen export projects has been brought into sharp focus after a multi-billion dollar Pilbara proposal was knocked back on environmental grounds.