Consultation has commenced on the Australia-Germany H2Global Joint Tender—a double-sided auction scheme designed to provide supply and demand support to the international renewable hydrogen industry.
Related article: Australia and Germany sign joint declaration on hydrogen
In September 2024, Australian Minister for Climate Change and Energy Chris Bowen and German State Secretary and Federal Minister for Economic Affairs and Climate Action Anja Hajduk signed the bilateral agreement for $660 million of shared investment in Australian hydrogen projects.
This joint funding will be available over the next 10 years, to support new commercial supply and access to the European market through guaranteed offtake agreements. Industry consultation is expected on the design and specifications of the trade window.
H2Global will support Australian hydrogen producers to sell their product to European buyers at the highest possible price.
The joint tender aims to:
- bring forward the development of renewable hydrogen projects
build renewable hydrogen supply chains between Australia and Europe.
The €400 million joint tender is funded equally by the Australian and German Governments.
It will give Australian hydrogen producers the opportunity to export to some of the world’s largest renewable hydrogen markets, help to bridge the cost gap between the production cost and sales price, and support a Future Made in Australia.
Related article: Fuel tankers could be key to Australia’s hydrogen exports
The joint tender builds on the existing Australia-Germany Energy and Climate Partnership. It will contribute both countries’ national hydrogen targets.
Consultation will be open until September 30, 2025. Responses can be submitted here.
