OECD Award Announcement for Regional Clean Hydrogen Hubs Design Phase
Key Ideas
- OECD announces completion of award negotiations for the Design Phase of Regional Clean Hydrogen Hubs.
- Partnership with EFI Foundation and H2DI Consortium to design demand-side mechanisms for hydrogen projects.
- Focus on de-risking projects and executing mechanisms in Regional Clean Hydrogen Hubs.
- Expectation for the Design Phase to be completed within the calendar year.
The OECD has announced the successful completion of award negotiations for the Design Phase of the Regional Clean Hydrogen Hubs Program Demand-Side Initiative. This agreement involves partnering with the EFI Foundation and the H2DI Consortium to work on developing demand-pull mechanisms aimed at de-risking projects within the Regional Clean Hydrogen Hubs. The primary goal is to create a plan for executing these mechanisms effectively. The OECD anticipates the Design Phase to be finalized by the end of this calendar year. The initiative focuses on promoting the use of hydrogen in clean energy projects and fostering innovation in the sector. This collaboration signifies a step forward in advancing hydrogen technologies and leveraging public-private partnerships to drive sustainable development in the clean energy space.