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Canada announces CAD 300 million for H2Global initial auction
H2Global is excited to share that Canada will commit up to CAD 300 million (approx. EUR 200 million) to bolster clean hydrogen trade between Canada and Germany. This initiative is part of the joint Canada-Germany Hydrogen Alliance, aiming to facilitate industrial decarbonization in Germany and across Europe.
The Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, confirmed Canada’s commitment of up to CAD 300 million to support clean hydrogen trade with Germany. These funds will be allocated through the H2Global double sided auction mechanism. The auction is expected to launch by the end of the year, pending European Commission review ...