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 and a similar EUR 200 million commitment from Germany.

Canada's participation in the H2Global scheme marks a significant step forward and builds on an MOU signed in March this year with Germany to lay the groundwork for a joint H2Global tender. H2Global facilitates the import of clean fuels such as renewable hydrogen derivatives, including ammonia and methanol, from regions where production is cost-effective to high demand centres.

Markus Exenberger, Executive Director of H2Global Foundation, welcomed the announcement by saying, "H2Global is excited to participate in this ground-breaking agreement between Canada and Germany, which marks a step towards a sustainable future. This commitment strengthens transatlantic energy ties and builds on the successful first H2Global pilot auction that resulted in Europe securing significant imports of renewable ammonia."

This strategic move will allow Canadian companies to access European markets for hydrogen and ammonia, ensuring that Europe more broadly benefits from competitively priced, clean energy products.

“Canada is a reliable supplier of clean energy to the world. By ensuring Germany’s access to clean Canadian hydrogen, we can help secure good jobs at home while meeting the energy needs of our allies abroad in the face of Russian energy intimidation and the climate crisis. The decision by the Governments of Canada and Germany to work to establish a hydrogen trade corridor using the H2Global tendering process will create jobs, drive economic growth, enhance our collective energy security, and drive decarbonization internationally.”

- The Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources

For media inquiries, please contact: Victor Ponsford (victor.ponsford@h2-global.org)