Australia and Germany have strengthened their collaboration on new green hydrogen supply chains by committing A$660 million (€400 million) through the H2Global funding window. This bilateral initiative, announced by Australian Minister for Climate Change and Energy, Chris Bowen, and German State Secretary for Economic Affairs and Climate Action, Anja Hajduk, aims to enhance global renewable hydrogen supply chains by addressing the cost difference between renewable hydrogen and traditional fuels, focusing on clean hydrogen derivatives like ammonia and methanol. Australia's participation in the H2Global program will enable the establishment of renewable hydrogen shipping corridors to Europe, providing Australian producers access to major renewable hydrogen markets. The collaboration also includes plans for the first hydrogen purchase auction in 2025 and initial sales in 2027-2028. Furthermore, Australian company Provaris Energy Ltd. is advancing green hydrogen projects with innovative compressed hydrogen bulk storage and carrier technology. A recent concept design study highlighted the energy-efficient and cost-effective nature of Provaris' technology for regional marine transport, emphasizing the advantages of hydrogen compression over ammonia conversion. This study assessed the export potential of a 540-megawatt capacity reservation site producing 10 tonnes of hydrogen per hour for intra-European shipping. The collaboration between Australia and Germany signifies a major step towards creating and scaling clean fuel markets, contributing to the global energy transition.