H2 Global CfD auction for Hydrogen

H2Global is a CfD auction for hydrogen projects established in 2022, and it is notable for using a double auction whereby bidders for contracts to buy hydrogen supplies and bidders for contracts to supply hydrogen (or ammonia, methanol or synthetic kerosene) offtake may be shortlisted separately. An intermediary signs 10-year CfDs that make up the difference between the prices offered by the two sides with public money. In 2024, the Netherlands joined the initiative and a USD 430 million CfD contract was awarded for ammonia supply from Egypt to Europe. In 2025, a second auction worth USD 2.7 billion was launched.

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