Canada has signed a Memorandum of Understanding (MoU) to sell hydrogen produced on its east coast to Germany, through the European nation’s H2Global Foundation.
Signed on Monday (March 18) by Canadian Energy Minister Jonathan Wilkinson and German Vice-Chancellor Robert Habeck, the agreement plans to establish a dedicated “bilateral window” through Germany’s H2Global Foundation to support commercial transactions between Canadian producers and German industry.
The window will host coordinated supply and demand auctions to connect hydrogen exporters with German buyers to complete “commercially binding contracts.”
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