The Australian developer Infinite Blue Energy has unveiled plans to build one of the world’s largest green hydrogen power plants.
Infinite Blue Energy (IBE), which describes itself as a specialist in green energy and hydrogen, says its 1GW project in New South Wales would provide 1.5 million homes and businesses in the state with electricity.
The massive proposal, known as Project NEO, would provide 1,000 MW of capacity to generate electricity from renewable sources and provide continuous power to the state over a period of up to 20 years at a cost of about $1 billion. His proposed $3.5 billion scheme aims to supply 100 percent of emissions-intensive industries with renewable energy by 2027 – providing free baseload power to NSW’s electricity grid and converting a range of energy-efficient industries.
Infinite Blue Energy will seek to design and develop a project that uses a decentralized generation model to generate electricity so that hydrogen could be delivered directly to industrial users and converted into electricity in times of economic downturn. The company said it would use this in combination with a “decentralized generation model” to diversify its renewable energy supply and estimated that the project would require between 1.5 GW and 2 GW of wind and solar power, as well as up to 1 GW of hydrogen generation.
This allows the production site to blend into existing land users with minimal impact. There are also plans to use pit caves to minimize the visual impact on adjacent property owners, the company said.
Overall, the proposed project could meet the needs of 1.5 million people in the South Wales region and the wider region. It would aim to provide zero-emission energy at a cost of less than $1 per kilowatt-hour per year for the first five years.