ICIS EXPLAINS: H2Global pilot auction results

LONDON (ICIS)–On 11 July the first auction results from the German H2Global programme were released, providing the European hydrogen market critical information on the green premium across the supply side as ammonia participants switch to lower-carbon, cleaner products.

H2Global is a double auction system that procures international volumes of hydrogen and re-sells them domestically, providing a subsidy based on how low the sell price of the market is against how high the buy price is.

ICIS has produced the following infographic to contextualise the update.