Chancellor Scholz and Prime Minister Trudeau signed the settlement in Newfoundland, the future home of the inexperienced hydrogen plant. German electricity groups have already agreed to import Canadian hydrogen.
German Chancellor Olaf Scholz and Canadian Prime Minister Justin Trudeau on Tuesday signed an agreement for Germany to import green hydrogen from Canada.
The two leaders signed the agreement in the port metropolis of Stephenville, Newfoundland.
First deliveries are expected in just three years.
Earlier on Tuesday, the two heads of authorities attended an economic conference in Toronto.
Germany is searching for options as it tries to wean itself off Russian gas
The visit to Canada, Scholz’s first as chancellor, comes as Germany looks for approaches to minimize its dependence on Russian gas.
At a information conference in Toronto on Tuesday, Scholz stated Canada is the favored partner, as Germany moves away from Russian energy imports at a “feverish pace”.
“Your usa has almost limitless workable to grow to be a superpower in sustainable power and sustainable aid production,” he said.
The pair also said they would discuss the possibility of Germany buying Canadian liquefied natural gas (LNG).
To that end, Trudeau said Monday, “We are looking at every viable specific way to help the German humans and the Europeans in the quick time period as they face real challenges this coming winter.”
“Canada will play a very, very central role in the development of green hydrogen,” Scholz said at the same joint press conference. “That is why we are very thrilled that we can additionally take this opportunity to expand our partnership in this area.”
How does hydrogen work as a source of energy?
Both LNG and green hydrogen are seen as medium-term solutions and will not help Germany in the next few months. Canada does not yet have the means to export LNG internationally, and green hydrogen production is still in its infancy.
The use of hydrogen does not produce greenhouse gases. To produce it, water must be split into hydrogen and oxygen, an electrolysis that is only climate-friendly if sustainably produced energy is used.
Kundan Goyal has 6+ years of experience in news editing and market research. He has helped businesses of all sizes make strategic decisions and predict future trends. Kundan only publishes content that will help them grow their sales and revenue. He publishes business news in many different categories to help industry’s learn more about any product.In his spare time, he enjoys cooking and listening music .
