Dubbed HyGate, the incubator programme will aim to support real-world pilot. Trial and demonstration projects that pool the collective hydrogen knowledge of Australia and Germany as the countries look to become key players within the global hydrogen value chain.

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Hydrogen holds significant promise in decarbonising hard-to-abate sectors and complementing renewable energy vectors in order to support the growing green energy sector.

This new programme could provide crucial aid for Australian and German companies to support one another in their hydrogen goals and targets.

It is expected that the initiative will also support Australia’s goal in reducing the price of hydrogen and with Germany’s inclusion, the prospect of this appears to be closer.

Angus Taylor, Australian Minister for Industry, Energy and Emissions Reduction, said, “This initiative will allow Australia and Germany’s knowledge of advanced technology and skilled workforces to come together on innovative hydrogen projects.

“It is through these important partnerships and attracting international investment that we will reduce the costs of the low emissions technologies and accelerate their widespread deployment in industry.

“A successful hydrogen industry means new energy supply chains, more jobs, and lower emissions across the economy. This is just the next step in maximising this opportunity for Australians.”