Origin Energy says it is exiting its hydrogen ventures after deciding it was too expensive and costly, a major blow to the federal government’s hopes of making the fuel a key part of a transition to renewable power.
The ASX-listed electricity and gas giant said it would not proceed with its investment in the Hunter Valley Hydrogen Hub, one of the most advanced developments in the country and a project that has been shortlisted for funding as part of Labor’s $2 billion Hydrogen Headstart scheme.
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