Australia and Germany have announced a joint development deal worth $660 million to invest in Australian hydrogen projects. Energy Minister Chris Bowen highlighted the significance of the H2Global deal, which will support new commercial supply and access to the European market over the next 10 years. The investment aims to enhance energy security and promote the development of green energy industries in Australia. Despite recent setbacks in hydrogen project investments, Bowen reaffirmed the strength of Australia's green hydrogen pipeline and criticized those who have celebrated the industry's challenges. The partnership between the two countries includes collaborations on green iron production to support Germany's economy's decarbonization while preserving jobs and core industries. This initiative contributes to broader climate cooperation between Australia and Germany. The University of NSW will lead a team of academic and industry experts to explore green iron's role in decarbonization. Germany's involvement in various Australian hydrogen projects, such as Townsville hydrogen hub and electrolyser production facilities, signals a robust collaboration in advancing green energy initiatives.