The National Hydrogen Strategy 2024, developed by the Australian Federal Government, aims to position the country as a global leader in hydrogen production and export. The Strategy supports the transition to net zero and seeks to capitalize on the economic opportunities presented by renewable hydrogen. However, challenges exist in the form of the commercial gap between production costs and sale prices, lack of established market practices, and financing hurdles. The Strategy outlines key objectives to establish a competitive hydrogen industry, including supporting prospective demand sectors and raising awareness about hydrogen benefits. Initiatives like the Hydrogen Production Tax Incentive, Hydrogen Headstart program, and renewable energy cost-reduction initiatives aim to address these challenges. The Guarantee of Origin Scheme will enhance transparency and support low-emission products like green hydrogen. While these initiatives aim to bridge the commercial gap and facilitate industry growth, concerns remain about the adequacy of the support window provided for producers.