Germany has initiated its largest green hydrogen import auction, in collaboration with the Netherlands, with a bid worth 2.5 billion euros. The total amount could reach 3 billion euros pending final budget approvals. H2 Global, through its subsidiary Hintco, manages contracts for the German government, providing stability for hydrogen producers and buyers by facilitating long-term purchase agreements for green hydrogen and its derivatives. The latest auction includes funding from two governments, highlighting the importance of global cooperation in clean energy. Producers from continents like Africa, Asia, North America, South America, and Oceania are eligible to apply for funding to supply Germany. The initiative aims to secure a reliable supply of green hydrogen, crucial for decarbonizing industries like steelmaking and the chemical sector. The first auction resulted in a project in Egypt being awarded a contract for at least 259,000 tonnes of green ammonia. Importing green hydrogen from regions with high renewable energy potential is key for achieving sustainability goals. While the auction excludes bids for synthetic sustainable aviation fuel due to lack of interest, the focus remains on advancing green hydrogen trade for a cleaner and greener future.