A deal between Canada and Germany that involves exporting green hydrogen to Germany is currently awaiting final funding decisions from Ottawa and approval from European regulators to ensure adequate competition in the project. The $600 million pledge aimed to help Canadian companies access German markets and provide competitively priced clean energy products. The project's funding needs are being assessed, with the possibility of requiring additional money, and it may be impacted by the upcoming Canadian election. The project involves a competitive auction process for Canadian firms to bid on supplying clean hydrogen to Europe, with the aim of reducing hydrogen costs. Germany's hydrogen strategy includes shifting towards green hydrogen to replace coal-fired power plants and reduce dependence on Russian energy. Canada's role is to increase hydrogen production, while Germany focuses on creating a shipping corridor for transportation. The project is seen as a step towards promoting clean energy and reducing greenhouse gas emissions, with a preference for green hydrogen production over grey or blue hydrogen methods.