CWP is one of the global pioneers of large scale “PtX” (Power-to-‘X’) where ultra-low cost renewable energy is used to make green hydrogen and its derivatives. Beginning five years ago with the 26GW Asian Renewable Energy Hub, and continuing with newer projects, we are developing several vast green hydrogen projects, an essential component of any viable solution for the decarbonization of the global economy and solving the climate crisis.
These bold projects of massive scale are the only way to make a dent in global emissions and to put the world on track to achieving the temperature limit goals in the Paris Agreement.
Asian Renewable Energy Hub - Leading the World's Energy Transition
The cost of renewable energy continues to fall, having broken through the cost of all alternative generating technologies, to the point where green hydrogen produced using renewable energy is already cost-competitive with fossil-fuel-based alternatives and is headed even lower. Produced using wind and solar powered electrolysis, green hydrogen can be used to substitute for fossil-fuel alternatives in multiple sectors, including power generation, shipping and steel production, always doing the same function as the fossil-fuel alternatives but with zero CO2 emissions Only by developing these new green PtX projects at massive scale can the economics of the new technology be made competitive.
It has been estimated that green hydrogen could contribute a significant percentage of the world’s energy mix by 2050 and could represent a $2.5 trillion new industry by 2050, and a critical contributor to the pace of decarbonization required.
CWP and its consortium partners commenced work on the flagship Asian Renewable Energy Hub (AREH) in 2015. Situated on more than 6.500 square kilometres in the remote Pilbara region of Western Australia, and with an estimated capital cost of US$36 billion, the 26GW hybrid wind and solar power plant for hydrogen production will be the world’s biggest energy project, and the largest single infrastructure project ever developed in Australia.
The AREH project received a double boost recently, with the Australian Government announcing Major Project Status, and the Western Australian State Government announcing a critical approval for the project’s first phase of 15GW hybrid wind and solar power. These momentous announcements set the stage for detailed design work and the next stage of discussions with offtakers and investors for what will be the first ultra-large clean energy facility on the planet, exporting green hydrogen and green ammonia to global markets.
In parallel, CWP has been working through its subsidiary, H1 Energy, to identify other first class sites in Australia and globally, where large areas of currently idle land are combined with a strong complementary wind and solar generation for mega-scale hydrogen production. We have commenced the commercial development of a number of these sites, convinced that decarbonisation of the world’s energy markets will require a global network of massive-scale renewable energy hubs capable of delivering cheap power and zero-emissions hydrogen and hydrogen-derivative fuels.
Our ambition here is immense, but we strongly believe that only decisive action at this scale can move the dial in reducing our carbon footprint and can begin to address the climate emergency.