Germany to Accelerate Its Green Hydrogen Venture in Australia
- May 31, 2022
- Posted by: Quatro Strategies
- Category: Cleantech
Germany has stepped up its efforts to develop green hydrogen work with Australia, as the country plans to quickly ditch fossil fuels especially following Russia’s invasion of Ukraine.
The war in Ukraine has underlined the dependence of Germany and Europe on Russian fossil fuels and put energy security in the spotlight for many countries around the world.
Germany’s Minister for Education and Research Stark-Watzinger said to be independent from fossil fuels have become more urgent due to Russia’s attack on Ukraine.
Last year, Germany and Australia signed an agreement to develop a renewable energy based supply chain as part of Germany’s plans to create green hydrogen.
Germany seeks partnerships to secure imports as its domestic production capacity cannot meet demand.
Stark-Watzinger said the goal is to reach commercial scale production of green hydrogen by 2030. She added that they could achieve that even earlier once they get started and the process gets momentum. Stark-Watzinger is visiting Australia to discuss hydrogen projects with researchers and companies, including two of Australia’s biggest commodities exporters Woodside Energy and Fortescue Metals.
She further stated that Germany wants to line up Woodside and Fortescue as suppliers of green hydrogen, while the two companies are interested in working with German firms to get electrolyzers.
Germany’s E.ON in March signed a memorandum of understanding with Fortescue’s green power business to explore shipping green hydrogen to Europe.
For the next step, consortia of German and Australian companies will apply by June for funding for demonstration projects including green hydrogen production, transportation and usage. Last year, the two countries said they planned to spend around $90 million to fund hydrogen demonstration projects.
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