The Australian Renewable Energy Agency has handed InterContinental Energy $21 million to support its $55 billion Pilbara hydrogen hub, following the exit of BP last year.
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.
