Deutsche Bank has recently reaffirmed its commitment to the German-Australian Hydrogen Alliance with an extension of its partnership.

The bank’s role in the alliance is crucial, leveraging its industry expertise and networks to promote cooperation between Germany and Australia within the hydrogen sector. The alliance, launched by the German-Australian Chamber of Industry and Commerce in 2020, actively facilitates bilateral hydrogen trade and serves as a knowledge exchange platform for stakeholders.

Joining Deutsche Bank as a new alliance partner is hydrogen technology provider thyssenkrupp nucera. As a renowned manufacturer of electrolysis technologies for green hydrogen production, thyssenkrupp nucera is set to bring significant industry expertise to the initiative.

With Germany’s ambitious goal of reaching net-zero emissions by 2045 and Australia’s potential to be a substantial green hydrogen exporter, this alliance is a significant development in furthering the global hydrogen market. Supported by both governments, the bilateral hydrogen business is likely to drive the region’s thrust towards a greener future.