New Zealand unveils NZ $30m hydrogen infrastructure funding package | Investment & Finance

New Zealand unveils NZ m hydrogen infrastructure funding package | Investment & Finance


The New Zealand government has directed NZ $30m ($17.8m) of funding toward regional hydrogen infrastructure projects, which it claims will improve energy resilience and support economic growth.

Announced by Regional Development, Resources, and Associate Energy Minister Shane Jones, the package adds to governmental support under its Hydrogen Action Plan, which eases approval processes for projects.

While specific projects in line for funding were not identified, Jones pointed to natural hydrogen and “orange hydrogen,” produced subsurface by injecting water and carbon dioxide, as holding high potential in the country.

He added that the cash would encourage innovation and create opportunities for private investment, positioning New Zealand to capitalise on “emerging energy technologies.”

The Hydrogen Action Plan, published in 2024, sets out a market-led strategy to unlock investment, particularly for hard-to-abate sectors like heavy transport and industry.

It revolves around the four priorities of regulation, permitting, transition mechanisms and international market access.

New Zealand’s government put NZ $19.9m ($11.8m) into Hiringa Energy’s 5MW fertiliser-focused green hydrogen project that reached final investment decision this February.

Marking one of the first commercial plants in the country, it will combine 25.6MW of wind turbines and 5MW of electrolysis to produce up to two tonnes of green hydrogen per day.

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