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AAP
AAP
Business
Marion Rae

Australia inks $660 million hydrogen pact with Germany

Hydrogen Germany Australia Chris Bowen Scott RadfordChisholm Energy
An artist's impression of a new hydrogen hub in Townsville that Germany is involved in. (Scott Radford-Chisholm/AAP PHOTOS)

A joint development deal with Germany will unlock $660 million of shared investment in Australian hydrogen projects, providing some certainty after setbacks.

Announcing the pact on Friday, Energy Minister Chris Bowen said the joint funding, available over the next 10 years, would support new commercial supply and access to the European market, including through guaranteed offtake.

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