Hamburg: Hintco announced the start of the second H2Global tender, following the successful state aid notification for the scheme by the EU Commission a few weeks ago.

This second supply-side auction is organized into five lots: four regional and one global. A minimum of €484 MM has been allocated for the regional lots and a minimum of €567 MM for the global lot. The total amount stands at €2.5 B, with the potential to increase to close to €3 B pending final budget approvals. The five lots for renewable fuels of non-biological origin (RFNBO) are categorized by production region and lot types, which are either product-open or vector-open (see Table 1).

Highlighting the growing global adoption of the H2Global instrument, this second tender includes a joint lot which will be funded jointly by the governments of Germany and the Netherlands.

H2Global’s double-sided auction ensures the most competitive production costs and highest willingness to pay are brought together, minimizing the residual green price gap covered by public funds. H2Global’s approach facilitates price discovery and transparency while progressively scaling trade flows to build market liquidity. Additionally, it addresses infrastructure insecurity through targeted contractual terms and stipulations.

Timo Bollerhey, CEO of Hintco and co-founder of H2Global, emphasized the importance of sustained market support, "Hintco is once again setting new milestones by pooling funds from different governments into a single auction, targeting both global and—for the first time—European renewable hydrogen production. In doing so, Hintco is accelerating the creation of a renewable hydrogen market and de-risking the nascent hydrogen value chain.“

Markus Exenberger, Executive Director, H2Global Foundation and co-founder of H2Global said, "For the first time, this latest H2Global auction is backed by funding from two governments, proving that global cooperation in clean energy is not only possible but essential. Each auction and lot accelerate the energy transition, helping to scale markets and drive investment. As the world strives to decarbonize hard-to-abate sectors, mechanisms like H2Global play a vital role in making the energy transition a reality—and with more agreements in the pipeline, momentum is only growing."