The Netherlands – In order to accelerate the market ramp-up of green hydrogen, the German H2Global Foundation has welcomed the Dutch gas infrastructure company Gasunie.
As the newest member of the H2Global Foundation, Gasunie will contribute its expertise in the transport, storage, and import of green hydrogen. HyPerLink, a hydrogen network being built by Gasunie, will link Denmark and the Netherlands across northern Germany. Additionally, Gasunie is working together with other businesses on the AquaDuctus pipeline project, which will move up to one million tons of green hydrogen annually from the North Sea production site to the mainland.
The foundation, which is rapidly gaining importance, seeks to expand the market for green hydrogen in order to aid in the economy’s decarbonization and promote independence from Russian fossil fuels. The H2Global initiative is receiving €900 million in funding from the German Federal Ministry for Economic Affairs and Climate Protection (BMWK) to support the provision of green hydrogen in the future. In order to support its function as a middleman between supply and demand, the BMWK is funding HINT.CO GmbH, a division of the H2Global Foundation, for its competition-based double auction mechanism.
The most recent addition to a long list of notable European foundation members is Gasunie. Recently, many businesses pledged their support for the shared goals and objectives of the H2Global Foundation. Other European businesses that have recently joined the foundation include the mega-port Port of Antwerp-Bruges and the French IPP for renewable energies Total Eren, in addition to German firms like Siemens Energy Global, Thyssenkrupp, or Deutsche Bank.