Hydrogen investments progress worldwide

Canada, Italy, Australia and the UK announce substantial funding for hydrogen projects, illustrating a shared commitment to a global energy transition.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Recent announcements of funding for hydrogen projects demonstrate the growing willingness of nations to diversify their energy sources and reduce their carbon footprint.
Canada, Italy, Australia and the UK are at the forefront of this transition.

Canada-Germany partnership

Canada recently declared its intention to invest up to 300 million Canadian dollars to support hydrogen trade with Germany.
This funding, scheduled to be allocated through competitive auctions by the end of the year, is part of the Canada-Germany Hydrogen Alliance.
The aim is to facilitate Canadian companies’ access to German markets for their energy products, while ensuring that Germany benefits from competitively priced energy sources.
This collaboration illustrates the importance of international cooperation in the development of next-generation energy technologies.
It also highlights Canada’s strategy to become a key player in the global hydrogen market.

Italian commitment

At the same time, Italy has activated a 994 million euro fund to support the Important Project of Common European Interest (IPCEI) Hy2Infra project.
This decision follows the European Commission’s authorization to propose state aid from seven European countries for a total of 6.9 billion euros.
The Italian fund aims to strengthen the infrastructure required for the hydrogen boom in Europe, by supporting local companies in the implementation of innovative projects.
The Italian initiative is crucial to the development of a European hydrogen network.
It aims to create a solid base for the expansion of this technology and ensure Europe’s competitiveness in the global energy market.

Research and Development in Australia

Researchers in Australia are focusing on the best methods for exporting hydrogen to Japan by 2030.
Their techno-economic analysis, taking into account the efficiency of PEM electrolyzers and overload capacity, indicates that liquid ammonia (LNH3) and methyl cyclohexane (MCH) are the most cost-effective carriers.
This research is key to understanding how to reduce costs and increase production capacity to make hydrogen more affordable.
The results of this study offer valuable perspectives for hydrogen export, not only for Australia but also for other nations considering similar strategies.

Initiatives in the UK

The UK is no exception, with its Verdant project.
Green Marine UK has obtained approval in principle to retrofit crew transfer vessels with hydrogen, fuel cells and batteries.
The initial phase of the project, which includes a feasibility and preliminary design study, has been deemed viable, paving the way for sea trials and further development phases.
This project reflects the UK’s commitment to exploring innovative and sustainable energy solutions, particularly in the marine sector.

Global Outlook

These funding announcements illustrate the strong international momentum in favor of hydrogen.
They show how different countries, by investing in infrastructure and advanced technologies, are collectively contributing to the global energy transition.
Collaboration between nations, supported by public and private investment, is essential to accelerate the development of sustainable energy solutions.
The efforts of Canada, Italy, Australia and the UK show that hydrogen is becoming a key component of global energy strategy.
By working together and investing heavily, these countries are paving the way for a cleaner, more sustainable future.

Next Hydrogen completes a $20.7mn private placement led by Smoothwater Capital, boosting its ability to commercialise alkaline electrolysers at scale and altering the company’s control structure.
Primary Hydrogen plans to launch its initial drilling programme at the Wicheeda North site upon receiving its permit in early 2026, while restructuring its internal exploration functions.
Gasunie and Thyssengas have signed an agreement to convert existing gas pipelines into hydrogen conduits between the Netherlands and Germany, facilitating integration of Dutch ports with German industrial regions.
The conditional power supply agreement for the Holmaneset project is extended to 2029, covering a ten-year electricity delivery period, as Fortescue continues feasibility studies.
HDF Energy partners with ABB to design a multi-megawatt hydrogen fuel cell system for vessel propulsion and auxiliary power, strengthening their position in the global maritime market.
SONATRACH continues its integration strategy into the green hydrogen market, with the support of European partners, through the Algeria to Europe Hydrogen Alliance (ALTEH2A) and the SoutH2 Corridor, aimed at supplying Europe with clean energy.
Operator GASCADE has converted 400 kilometres of gas pipelines into a strategic hydrogen corridor between the Baltic Sea and Saxony-Anhalt, now operational.
Lummus Technology and Advanced Ionics have started construction of a pilot unit in Pasadena to test a new high-efficiency electrolysis technology, marking a step toward large-scale green hydrogen production.
Nel ASA launches the industrial phase of its pressurised alkaline technology, with an initial 1 GW production capacity and EU support of up to EUR135mn ($146mn).
Peregrine Hydrogen and Tasmania Energy Metals have signed a letter of intent to install an innovative electrolysis technology at the future nickel processing site in Bell Bay, Tasmania.
Elemental Clean Fuels will develop a 10-megawatt green hydrogen production facility in Kamloops, in partnership with Sc.wén̓wen Economic Development and Kruger Kamloops Pulp L.P., to replace part of the natural gas used at the industrial site.
Driven by green hydrogen demand and state-backed industrial plans, the global electrolyser market could reach $42.4bn by 2034, according to the latest forecast by Future Market Insights.
Driven by mobility and alkaline electrolysis, the global green hydrogen market is projected to grow at a rate of 60 % annually, reaching $74.81bn in 2032 from $2.79bn in 2025.
Plug Power will supply a 5MW PEM electrolyser to Hy2gen’s Sunrhyse project in Signes, marking a key step in expanding RFNBO-certified hydrogen in southern France.
The cross-border hydrogen transport network HY4Link receives recognition from the European Commission as a project of common interest, unlocking access to funding and integration into Europe’s energy infrastructure.
The withdrawal of Stellantis weakens Symbio, which is forced to drastically reduce its workforce at the Saint-Fons plant, despite significant industrial investment backed by both public and private stakeholders.
German steelmaker Thyssenkrupp plans to cut 11,000 jobs and reduce capacity by 25% as a condition to enable the sale of its steel division to India’s Jindal Steel.
Snam strengthens its position in hydrogen and CO₂ infrastructure with EU-backed SoutH2 corridor and Ravenna hub, both included in the 2025 list of strategic priorities for the European Union.
Driven by industrial demand and integration with renewable energy, the electrolyzer market is projected to grow 38.2% annually, rising from $2.08bn in 2025 to $14.48bn by 2031.
BrightHy Solutions, a subsidiary of Fusion Fuel, has signed a €1.7mn contract to supply a hydrogen refuelling station and electrolyser to a construction company operating in Southern Europe.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.