A significant joint development deal between Australia and Germany has been announced, unlocking $660 million in shared investment in Australian hydrogen projects. Energy Minister Chris Bowen revealed the pact at the Asia-Pacific Hydrogen Summit in Brisbane, stressing its potential to support new commercial supply and facilitate entry into the European market. The deal with H2Global signifies a major milestone in fostering an international hydrogen market, bolstering energy security for both countries. Hydrogen is identified as a crucial element for emerging clean energy industries in Australia, with applications in producing green iron, steel, ammonia, fertilisers, and fuels. Minister Bowen addressed the challenges faced by the industry, highlighting that while some projects may not proceed, Australia's green hydrogen pipeline remains robust. He criticized those who celebrated industry setbacks, emphasizing the government's dedication to green hydrogen initiatives and climate collaboration with Germany. The partnership also involves Australian researchers exploring how green iron production can support Germany's economy's decarbonisation while preserving jobs and industrial capabilities. The University of NSW will lead a team of experts to drive innovation in core industries as part of this collaborative effort. This deal showcases the strength of Australia's green hydrogen sector and the commitment of both countries to sustainable energy practices and international cooperation.