Huge news from #clean energy! We are thrilled to announce the launch of Hintco's second H2Global tender round, which will significantly boost global hydrogen markets. This multi-billion euro auction demonstrates the power of international collaboration to scale up #renewable hydrogen production.⚡🌍🌱
📢 Hintco launches the second H2Global auction! Following the EU Commission’s state aid approval, Hintco is kicking off the next phase of H2Global with a second supply-side auction—further solidifying the mechanism’s role in accelerating global hydrogen markets. 🌍 Five auction lots This auction includes five lots for renewable fuels of non-biological origin (RFNBOs)—four regional and one global—allocating at least €484M regionally and €567M globally, with total funding reaching €2.5B, potentially €3B pending budget approvals. 🇩🇪 🇳🇱 First-ever joint lot from Germany & the Netherlands A key milestone for cross-border hydrogen cooperation, this auction features a jointly funded lot—a major step in international adoption of H2Global. 📊 Scaling markets through price discovery H2Global’s double-sided auction ensures competitive production costs meet the highest willingness to pay, minimizing public subsidies while improving price transparency, market liquidity, and infrastructure certainty. 📄 New tender details released With the launch of this auction, Hintco is releasing details on eligibility criteria, the application process, and contractual documents. Given the broader scope of this new H2Global auction —and incorporating lessons learned from the initial pilot—there are several key changes from the last tender design! 💬 Timo Bollerhey, CEO of Hintco & co-founder of H2Global: "Hintco is setting new milestones by pooling funds from different governments, targeting both global and—for the first time—European renewable hydrogen production. This accelerates market creation and de-risks the nascent hydrogen value chain." ⚡ Hintco is laying the foundations for a robust and growing renewable hydrogen market. 📄 Read the full press release here 👉 https://lnkd.in/d_99h82G 🔗 For access to the contract documents 👉 hintco.eu/hpa-auctions 📩 For press inquiries, please contact Victor Ponsford