Hydrogen demand initiative
The consortium is meant to support the H2hubs by designing and implementing demand-side support mechanisms in order to facilitate purchases of hydrogen produced by the H2Hubs, with the aim of helping to provide offtake certainty and unlock FID. The measures and implementation plan should be ready by the end of 2024. The consortium consists of consists of the EFI Foundation (EFIF), S&P Global (S&P) and the financial exchange operator Intercontinental Exchange (ICE). There are 8 partners in total
H2DI assessed 12 mechanisms and proposed two to the DoE. One of those was a joint offtake producter auction (JOPA) where the supply and demand submit a joint bid with the cost gap to be subsidized. The EVP of EFI foundation (part of the consortium) estimates that demand triggered will be enough for 20 fuel cell buses
H2DI assessed 12 mechanisms and proposed two to the DoE. One of those was a joint offtake producter auction (JOPA) where the supply and demand submit a joint bid with the cost gap to be subsidized. The EVP of EFI foundation (part of the consortium) estimates that demand triggered will be enough for 20 fuel cell buses
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