Federal government announces $300M commitment towards clean hydrogen trade with Germany

PORT HAWKESBURY — On Jul. 31, Jonathan Wilkinson, Minister of Energy and Natural Resources, announced Canada will commit up to $300 million to support clean hydrogen trade with Germany. The funds will be allocated via a competitive auction process expected to be launched by the end of the year, following European Commission review of the proposed auction parameters and a similar funding commitment from Germany. As part of the joint Canada-Germany Hydrogen Alliance, this initiative will help Canadian companies access German markets for their clean hydrogen and ammonia. It will also ensure Germany has access to competitively priced clean energy products produced by Canadian industry and driven by Canadian workers.

Germany is one of Canada’s closest allies and friends on the world stage, with a shared commitment to building clean economies. Canada-Germany clean hydrogen trade will try to help create sustainable jobs for Canadian workers, enhance energy security, and lower emissions on both sides of the Atlantic.

“Canada is a reliable supplier of clean energy for our global allies. To keep building on our strong friendship and partnership, today’s announcement will ensure Germany has access to Canadian clean hydrogen to power their economy, in turn creating jobs and driving economic growth here in Atlantic Canada,” said Jonathan Wilkinson, Minister of Energy and Natural Resources.

“Germany is one of the strongest economies in the world. In order to diversify its increasing demand of green hydrogen and speed-up the energy transition to reach global climate goals, Germany needs stable and reliable partners like our close friend and ally Canada. We welcome Canada’s commitment to match our offer of 200 million € (approx. 300 million CAD) in order to co-fund a bilateral instrument for hydrogen trade,” said Karina Häuslmeier, Deputy Head of Mission, German Embassy Ottawa.