Australia and Germany Partner to Boost Renewable Hydrogen Production
Key Ideas
  • Australia and Germany signed a $443 million funding agreement to support renewable hydrogen producers in Australia.
  • The partnership includes joint work in climate action, energy efficiency, and renewable hydrogen trade.
  • Australian Minister Chris Bowen sees this as an opportunity to realize Australia's potential as a renewable energy superpower.
  • Germany's Vice Chancellor Robert Habeck believes the joint hydrogen auctions will kick-start the market and provide price signals.
The Australian and German Governments have entered into a partnership to enhance renewable hydrogen production in Australia. The $443 million H2Global funding window is equally funded by both countries and aims to secure European buyers for Australian renewable hydrogen producers. This initiative is part of Germany's H2Global auction mechanism. The expanded partnership also includes joint efforts in climate action, energy efficiency, the net zero transition, and energy security, with a focus on renewable hydrogen trade. Australian Minister for Climate Change and Energy, Chris Bowen, expressed optimism about seizing the hydrogen opportunity to establish Australia as a renewable energy superpower. German Vice Chancellor and Minister for Economic Affairs and Climate Action, Robert Habeck, highlighted the potential for fruitful collaborations under the Energy and Climate Partnership. The agreement aligns with Australia's 2024 National Hydrogen Strategy, which outlines plans for hydrogen production, use, and export to position the country as an industry leader in the sector.
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