DH2 Energy Launches Auction for Green Hydrogen Offtake in Spain
Key Ideas
- DH2 Energy initiates an auction to sell 1,700 tonnes/year of green hydrogen from its 35MW plant in Spain.
- The auction is open to companies for various uses nationally and internationally.
- MIBGAS Derivatives will conduct the auction in three phases, with winners proceeding to negotiate offtake contracts.
DH2 Energy is launching an auction to facilitate the sale of 1,700 tonnes of green hydrogen annually produced by its 35MW green hydrogen plant supported by the European Hydrogen Bank (EHB) in Spain. The auction, commencing on November 15, is accessible to all interested companies, offering opportunities for national and international purchase of the green hydrogen. The auction process, managed by MIBGAS Derivatives, will involve pre-qualification, qualification, and competitive stages. Companies with the most attractive bids will be chosen during the competitive phase and will advance to negotiations with DH2 Energy to establish formal offtake contracts. This initiative reflects a positive step towards promoting the adoption of green hydrogen and sustainable practices in the energy sector.