H2Global Second Round Auctions: Driving Global Hydrogen Supply Chains
Key Ideas
- H2Global's dual strategy involves conducting auctions in various continents to support resilient global supply chains and promote competitive pricing.
- Germany and the Netherlands are jointly financing the 'global lot' of the auction with a significant commitment to green hydrogen import schemes.
- Hintco will serve as the intermediary to facilitate the transactions between green hydrogen producers and European consumers, aiming to address infrastructure readiness and diversity.
- The European Commission's approval of state aid signifies progress in advancing a global approach to tackling climate change and accelerating the energy transition through scalable hydrogen solutions.
The H2Global initiative is set to embark on its second round of auctions, introducing a dual strategy with auctions across multiple continents to enhance global hydrogen supply chains and ensure competitive pricing. The funding of €3bn will be distributed through regional auctions in North America, South America, Australia, Asia, and Africa, in addition to a 'global lot' jointly financed by Germany and the Netherlands. The European Commission's recent approval allows for subsidizing the import of green hydrogen into the EU. Hintco, the implementing entity, will facilitate transactions between green hydrogen producers and European consumers, emphasizing the importance of infrastructure readiness and diversity. The H2Global Co-Founder highlighted the significance of international partnerships in addressing climate change and driving the energy transition through scalable hydrogen solutions. With a focus on global analytics, H2 Intelligence offers insights into hydrogen production, transportation demand, and global hydrogen policy, providing strategic advantages for investors and policymakers.