New Energy

Pursuing lower-carbon energy sources

Our new energy strategy

At Woodside, we are investing in the new energy products and the lower-carbon services our customers need as they decarbonise. We are progressing opportunities for producing products such as hydrogen and ammonia. We have targeted $5 billion investment 1 in new energy products and lower-carbon services by 2030. 

1 Individual investment decisions are subject to Woodside’s investment hurdles. Not guidance.

Hydrogen

Lower-Carbon Services

Woodside’s objective is to thrive in this energy transition as a low-cost, lower-carbon energy provider. Carbon capture and storage (CCS), carbon capture and utilisation (CCU) and Offsets have key roles to play. 

Woodside has a dedicated carbon business tasked with developing a sustainable offsets portfolio in support of our climate goals.  We are also investing in the new energy products and lower-carbon services our customers need as they decarbonise. This includes progressing opportunities such as carbon capture and storage, and carbon capture and utilisation.

Read more about our approach to carbon management here.  

 

Hydrogen

Customer Collaborations

A key component of Woodside’s strategy to invest in new energy products and lower-carbon services is to work with potential customers to develop demand for new sources of energy. Customer collaboration highlights  include:

Hydrogen

Hydrogen and Ammonia

We are progressing a range of ammonia and hydrogen projects:

  • H2Perth, a world-scale liquid hydrogen and ammonia production facility to be located on 130 hectares of industrial land in southern metropolitan Perth
  • H2TAS, a 100% renewable ammonia project to be located in Tasmania’s Bell Bay region, allowing expansion of the previous concept to export scale while also providing local supply
  • H2OK, a 290 MW liquid hydrogen project in the Westport Industrial Park, Ardmore, Oklahoma. Front-end engineering design has commenced.
  • Southern Green Hydrogen, a proposed renewable ammonia production facility to be located in Southland, New Zealand targeting up to 500,000 tonnes of ammonia per year.

Read more about our hydrogen and ammonia activities here.

 

Solar

Solar

Our new energy technology focus is on hydrogen production, renewables and carbon management. We have a collaboration with Heliogen, Inc. In March 2022, Heliogen and Woodside entered into a project agreement to deploy a 5 MWe module of Heliogen’s AI-enabled concentrated solar energy technology in California and jointly market Heliogen’s renewable energy technology in Australia.

Woodside is also progressing the Woodside Solar Project, a proposed solar facility that could supply 100 MW of solar energy to Pluto LNG and other customers located near Karratha in Western Australia, with potential expansion to a maximum of 500 MW.

Read more about our solar activities here