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canada-pledges-cad-300m-for-german-hydrogen-trade
canada-pledges-cad-300m-for-german-hydrogen-trade

Canada pledges CAD $300m for German hydrogen trade

Canada has announced it will commit up to CAD $300m ($216m) to support clean hydrogen trade with Germany, reinforcing their joint hydrogen alliance.

The funds are expected to be allocated through a tender process at the end of the year (2024) with a similar funding commitment from Germany, once the European Commission approves the auction.

H2 View understands the auction will ensure “Germany has access to competitively priced clean energy products produced by Canadian industry and driven by Canadian workers.”

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