Strong call for rapid green hydrogen investment by ramp-up backer
A strong call for final investment decisions (FIDs) on a multiplicity of green hydrogen projects was made at the South Africa Green Hydrogen Summit in Cape Town yesterday by H2Global, a market ramp-up instrument that serves as an innovative form of subsidy scheme to smooth out bumps along green hydrogen’s early-mover road. H2Global innovatively enters into long-term offtake agreements on the supply side and short-term sales agreement on the offtake side, with cost differences being borne by the German government, which is laying the ground work for the importation of green hydrogen.