The second round of H2Global auctions will adopt a dual strategy, conducting two distinct auctions across different continents as part of the €3bn ($3.1bn) tender.
To support resilient global supply chains, part of the funding will be distributed through regional auctions in North America; South America and Australia; Asia; and Africa.
The “global lot” will be jointly financed with funding from Germany and the Netherlands, committing up to €2.7bn ($21.8bn) and €300m respectively, whilst additional funding allocations from Germany for European-specific tenders are under discussion with the EU.
Read more:Commission approves €3bn German-Dutch H2Global hydrogen import scheme
The European Commission granted state-aid approval for the second auction round last month (December 2024), which will see Germany’s BMWK and the Netherlands’ KGG provide funding to subsidise the import of green hydrogen and derivatives from outside the EU.
In an online statement, the implementing entity of H2Global, Hintco, said the dual approach “ensures both product diversity and targeted procurement, addressing infrastructure readiness and supporting competitive pricing, critical issues highlighted during stakeholder consultations.”
Hintco will serve as the intermediary between the producers of green hydrogen and its derivatives and the end consumers and sell the product to European customers in competitive tenders.
The Commission has previously said the bidding process is expected to be concluded this year. H2 View understands that the tenders will be open to projects with an electrolyser capacity of 5MW or higher.
Hintco’s CEO and the H2Global Co-Founder, Timo Bollerhey, claimed the joint commitments from Germany and the Netherlands “underscore the necessity of a global approach to addressing climate change and accelerating the energy transition.”
“By fostering international partnerships and leveraging combined investments, we are setting the stage for robust supply chains and scalable hydrogen solutions that will pave the path towards the creation of green markets,” Bollerhey added.
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