The money is meant to fill the gap between what it will cost to produce the first large quantities of transportable green hydrogen in Atlantic Canada and what buyers are willing to pay for it in Germany, Natural Resources Minister Jonathan Wilkinson said in making the announcement in Nova Scotia: “This is an early-market development thing.” (The Logic)

Talking point: Canada will put up $300 million and Germany €200 million to further the “hydrogen alliance” struck in 2022 when Chancellor Olaf Scholz visited Canada on a hunt for energy supplies to replace Russian gas. Canada has wind, deepwater ports and a willing buyer, but is hastening to build the turbines, electrolyzers and other infrastructure needed to produce a product it can sell and transport. The subsidies will be allocated through an auction, to hydrogen buyers willing to pay the most of their own funds.