Last week, HINT.CO GmbH, the auction organizer and subsidiary of the H2Global Foundation, released the draft documents for the second round of its groundbreaking auction scheme. The H2Global auction will award long-term fixed offtake contracts, known as Hydrogen Purchase Agreements (HPAs), to suppliers of green hydrogen and its derivatives from around the world to import green molecules to Europe.
What’s New in Round 2?
- 4 regional lots: Open for suppliers in Asia, Africa, South America & Oceania, and North America. These will allow delivery of H2 and its derivatives (“Product Open”)
- 1 global lot: Open to all production locations where suppliers can transport the H2 using any type of carrier (e.g., ammonia, LOHC), but it must be cracked back into H2 at delivery (“Vector Open”).
Over the coming weeks, Hintco will host roadshows and public consultations on the draft auction documents. The application process is expected to open in mid-2025, with exact dates to be announced.
