The Port of Newcastle's proposed Clean Energy Precinct is moving closer to realization as agreements have been signed for key design work and environmental impact studies, supported by $100 million in funding from the Federal Government. The precinct aims to repurpose a disused industrial site to facilitate clean energy production, storage, transmission, distribution, and export. The project, delivered in partnership with the New South Wales Government, will focus on electrical infrastructure, water services, general infrastructure, storage, berth infrastructure, and pipelines to berth. It is expected to create around 5800 jobs during construction, adding an estimated $4.2 billion to the Hunter regional economy. The Federal Government's investment in the Clean Energy Precinct reflects the goal of transitioning Australia to net zero while creating economic opportunities. The project is seen as instrumental in positioning Australia as a global leader in renewable energy technologies such as hydrogen and green ammonia. With construction expected to begin in 2027 and operational by 2030, the precinct is set to support the decarbonization of heavy industry and connect Australia's renewable resources to the global market. Federal and local government officials have praised the project for its economic boost to the region, emphasizing the importance of transitioning to net zero emissions and securing job opportunities. The establishment of the Port of Newcastle as a hydrogen exporter is highlighted as a means to safeguard existing jobs and create new ones for the future. Overall, the Clean Energy Precinct is viewed positively as a transformative initiative that not only benefits the local economy but also contributes to Australia's renewable energy goals and global leadership in clean energy production.