A deal between Canada and Germany for sending Canadian green hydrogen exports to Germany is pending Ottawa's final decision on funding and approval from European regulators regarding competition. The project, initiated with a $600 million pledge from both countries, aims to facilitate Canadian companies' access to German markets and ensure competitive prices for clean energy products from Canada. The funding and competitive auction process are crucial to lowering hydrogen costs and enhancing market competition. Germany's strategy to transition from coal-fired power plants to hydrogen aligns with a goal to reduce dependence on Russian energy. The project's success hinges on securing additional funding and addressing competition concerns, with Ottawa and European regulators playing crucial roles in driving the transition towards green hydrogen production and utilization.