Australia, Germany to spend $90 mn to fund hydrogen supply chain projects

Australia and Germany plan to spend around $90 million to fund hydrogen projects as part of a joint push to speed up development of the clean fuel to help cut carbon emissions, the Australian government said on Tuesday.

Germany has committed 50 million euros ($56 million) and Australia A$50 million ($36 million) toward the alliance, first announced in June.

"The recent release of the first report from HySupply, our joint Australian-German hydrogen supply chain study, found there is great potential for Australian hydrogen to supply growing demand in Germany," Energy Minister Angus Taylor said in a statement.

The two sides will start accepting