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Australia and Germany to invest $90 mln for joint hydrogen supply

Reuters · last updated

Australia and Germany have earmarked A$50 million ($35.5 million) and 50 million euros ($54.4 million), respectively, towards a joint initiative to establish a green hydrogen supply chain, Australian Minister for Climate Change and Energy Chris Bowen said.

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Related Knowledge Center: ENERGY BASICS: hydrogen

State of Play

Hydrogen, long seen as a theoretical if not practical alternative to petroleum-based transportation fuels, is once again having a day in the sun as industries promote “green hydrogen,” produced using renewable resources.

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