$15M Regional Fund Boosts Aspiring Materials' Green Hydrogen & Critical Minerals Plant
The Regional Infrastructure Fund will invest $15 million in Aspiring Materials Limited to develop a $31 million commercial-scale facility in Southland that produces green hydrogen and critical minerals using patented technology. This government-supported project aims to boost economic development, reduce emissions in sectors where electrification is challenging, and strengthen New Zealand’s energy sector through innovation and advanced manufacturing. The funding, part of an $80 million allocation for critical minerals, highlights the government's commitment to diverse energy solutions and regional growth.