Sunshine Hydro

We are pleased to see the development in the green finance space. We have submitted our feedback on the Australian Sustainable Finance Taxonomy, first round public consultation by the Australian Sustainable Finance Institute (ASFI). It is a great effort to bring together experts and stakeholders across the Australian financial system to design and develop a taxonomy that is credible, usable and internationally interoperable, while reflecting the Australian context. It is a reality that burning fossil fuels - including fossil gas - must end. The consultation paper acknowledges the challenge of balancing between the system wide need for peaking power versus activity level climate impact of gas powered generation. We find it important to emphasise the renewable alternatives for fossil gas - there cannot be a free-riding sector in decarbonisation! Additionally, solutions like our Superhybrid™ provide the same outcome for the energy market as a coal power plant and a gas peaking plant combined - but all fossil-free. We see the work being done by ASFI as a crucial step towards enhancing investor confidence in green investments and ensuring a sustainable future for Australia. Our submission reflects our dedication to aligning with national and global sustainability standards, and we are committed to contribute to the development of a robust framework that supports green finance. Together, we can build a resilient and inclusive financial system that drives positive environmental impact. #SustainableInvestment #RenewableGas #247CFE

The Hydrogen Production tax Incentive (HPTI) is a major initiative of the government, with a $2/kg production tax credit that could be the catalyst to support an emerging industry to grow rapidly. Unfortunately, there are significant gaps which really need to be filled in order to align Australia with global standards and prevent our industry from being locked out of other markets. For example, the lack of a requirement for hourly time-matching, additionality and locational matching needs to be corrected. Read more on our submission here: https://lnkd.in/gBgGZYqY The Australian Government has demonstrated a strong commitment to engaging with industry to help shape the emerging renewables sector, and we look forward to engaging further going forward.

You’ve probably heard a lot from Michael Myer in the news over the last week. We’ve taken a strong position and it’s been quite the whirlwind in response to the proposed rules by the Australian Government and Treasury regarding green hydrogen. But they’ve got it wrong with what they’ve proposed and it’s important that we have a national discussion about our green energy ambitions that recognises how well we are placed to become a green energy superpower. So here’s an in-depth interview between Michael and the ABC News’ Alicia Barry to explain, in full, where the issues are, what it means for energy generation in Australia, and what we should be doing instead.

Great to see The Australian Financial Review taking the #cleanhydrogen future seriously and our Michael Myer making a very compelling case for it. Here's an excerpt: "Australia can still become a significant producer of clean hydrogen to power heavy industry and transport but will need to work harder and smarter to surmount the cost hurdles that have derailed Fortescue Metals Group’s ambitions, industry chiefs say. Michael Myer, executive chairman of Sunshine Hydro, said he remained “absolutely” confident that the aspiring producer of hydrogen-based fuels in Queensland could supply competitive green fuels into the market later this decade. He said that while the carbon-free fuels would be twice or three times the cost of their fossil fuel alternatives, Sunshine was in serious negotiations with shipping and aviation companies that would pay that premium and that those deals would not be one-offs. “Australia’s competitive advantage comes from low-cost wind and solar ... and we can also be an incredible supplier of biomass into the global markets,” said Mr Myer, a member of Melbourne’s wealthy Myer family." Read the rest of the article here: https://lnkd.in/ghBZzumf Clean Energy Council Green Hydrogen Summit Series Canary Media Inc. david roberts Volts John Grimes RenewEconomy

The future of #greenhydrogen in Australia is in the balance with the announcement of new rules governing its production. Great to see our chairman Michael Myer speak with Angela Macdonald-Smith The Australian Financial Review about our significant concerns. Michael said the proposed rules: “would have a “perverse” outcome [and] would result in a transfer of Australian taxpayers’ money to Europe because hydrogen produced here, using government subsidies, would be taxed at the border in Europe because it would not qualify as “green”. “It’s the most extraordinary piece of policy structuring I’ve ever read in my 50 years history,” said Mr Myer, acknowledging that Sunshine Hydro would be a major beneficiary of the incentives – to the tune of about $60 million a year – through a project near Gladstone. “It will achieve exactly the opposite of what they are hoping to achieve.” Read the rest of the story here: https://lnkd.in/gQXDCyGV Clean Energy Council Green Hydrogen Europe RenewEconomy Canary Media Inc. Enosi

Exciting news this week for Australia’s journey towards sustainability, with the issue of the nation’s first $7 billion sovereign green bond.   This bond will strongly support institutional investment in public projects that drive towards net zero in Australia’s energy market. It will directly support projects in green hydrogen, community storage and batteries, and clean transport.   Equally positive was the news that the bond issue was oversubscribed, with more than $22 billion in bids across 105 investors in Australia, Asia, Europe and North America.   “Demand for the bond confirms Australia is a go-to destination for international green capital,” the Australian Office of Financial Management (AOFM) stated.   We couldn’t agree more. Now it’s time to accelerate these projects and make sustainable Australia a near-term reality.   Read more: https://lnkd.in/dCr5Nrg7

What does Australia's journey towards decarbonisation look like? Michael Myer, Sunshine Hydro Executive Chairman, recently shared these insights while at the The Australian Energy & Battery Storage Conference, where he was a speaker. Watch the clip to learn more about what the current legislation is for cutting carbon, what we as a nation could be doing to accelerate that, and how we can get to 75% to 80% renewable energy by 2030 with the right mindset and approach. This isn't just good for the environment, but would support a thriving, innovative green economy. Learn more: https://lnkd.in/gqZgQ5-X

Stop the press! If you’ve been on the fence about whether to invest in us, this critical news should get you over the line. This week’s federal budget has given an enormous boost to our business case -- and your chance to invest in Sunshine Hydro closes in only a few hours. As our Executive Chairman Michael Myer said: "The value to Sunshine Hydro’s projects and by extension the entire clean hydrogen industry is enormous." "For example, our Djandori and Dumaresq Superhybrids will be producing close to 100,000 kgs per day of green hydrogen by 2030. Multiply 100,000 by the $2 per kilo incentive and this number by 365 days. That’s $73 million a year for a decade: $730 million. " "The Federal Government's incentive will turbocharge the investment case and operation with all the benefit flowing into scaling of 24/7 carbon-free energy and clean fuels for both the domestic and export markets.” The impact on us has been covered nationally across Australia in The Australian Financial Review, The Canberra Times, Australian Associated Press (AAP). So don’t miss out, head to Birchal to become a shareholder in Sunshine Hydro while you still can: https://lnkd.in/eWeSzmZf Always consider the general CSF risk warning and offer document before investing. Climate Council Hydrogen Fuel News Energy & Commerce Crowdfund Insider

There's just a little over a day left to invest in Sunshine Hydro! We need your support to start decarbonising the energy sector faster! We’ve been pleased to welcome over 100 investors on this raise - it goes to show the real interest in our unique approach to developing affordable and reliable 24/7 carbon free energy and green fuels. Why invest in Sunshine Hydro? 1. A fast-growing industry on the right side of history 2. Solutions for hard-to-decarbonise use cases 3. Proprietary software and a unique asset ecosystem approach 4. An expanded portfolio for revenue diversification 5. A strong social licence & engagement with First Nations peoples 6. Seasoned and committed leaders with a passion for sustainability How to invest? ·  Access the Birchal platform: https://lnkd.in/eWeSzmZf ·  Log in or sign up and follow the prompts to read the CSF offer document and complete your investment application for shares We’re looking forward to having you on board. Always consider the general CSF risk warning and offer document before investing. #247CFE #SustainableInvestment #Birchal #Crowdfunding #RenewableEnergy #GreenFuels

It was an honour to present at an event at CQUniversity’s Gladstone Marina Campus, on the subject of Australia’s role in a carbon-free economy. Sunshine Hydro was there in collaboration with ZEN Energy and Professor Ross Garnaut, founder of The Superpower Institute. The event was a deep and enlightening, wide-ranging discussion that covered topics such as: ·    Abundant solar and wind energy capacity, coupled with vast open spaces.  ·    Biomass richness providing hydrocarbons for biofuel production.  ·    Rich mineral resources facilitating energy processing techniques.  ·    A historical foundation in mining, forestry and agriculture.  ·    The existing physical infrastructure of transmission networks. These are all areas that are core to Sunshine Hydro’s mission, and it’s great to see such momentum behind the movement. Thank you, Prof. Garnaut and the ZEN Energy team, for contributing so eloquently to the discussion.