MIBGAS and DH2 Energy Initiate Groundbreaking Renewable Hydrogen Auction in Iberia
Key Ideas
- MIBGAS and DH2 Energy have commenced the first auction for the acquisition of renewable hydrogen in Iberia, targeting national and international companies without application restrictions.
- The auction process involves pre-qualification, qualification, and a competitive bidding phase, leading to bilateral negotiations for the best offers with DH2 Energy for the hydrogen produced at the Hysencia plant in Aragón.
- The Hysencia plant, backed by EU funds, will have an electrolysis capacity of 35 MW, utilizing photovoltaic power and grid connection, making it a milestone project in decarbonizing the industrial and mobility sectors on the Iberian Peninsula.
- The initiative is seen as pivotal for the decarbonisation process and energy transition, with MIBGAS emphasizing the importance of green hydrogen and DH2 Energy expressing confidence in stimulating demand and establishing a stable renewable hydrogen market.
MIBGAS Derivatives and DH2 Energy have collectively launched the pioneering auction for renewable hydrogen procurement in the Iberian market. The auction, initiated in mid-November, welcomes companies globally to participate in acquiring renewable hydrogen without application constraints. The process entails multiple phases including pre-qualification, qualification, and a competitive bidding stage, ultimately enabling selected companies to engage in bilateral negotiations with DH2 Energy for the procurement of renewable hydrogen from the upcoming Hysencia plant in Aragón, Spain. With construction set to commence in 2025 and operations in the first half of 2027, the Hysencia plant is designed with an innovative electrolysis and photovoltaic power setup, supported by EU funding through the Innovation Fund. This venture is poised to be a game-changer in the region, facilitating the decarbonization of key sectors like industry and mobility. Raúl Yunta, Chairman of MIBGAS, and Marcos López-Brea Baquero, Managing Director of DH2 Energy, both expressed optimism about the prospects of green hydrogen and the role of the Hysencia project in catalyzing a robust renewable hydrogen market. This auction signifies a significant milestone in advancing sustainable energy practices in the region, promoting green economy initiatives and contributing to a greener future.