Hydrogen trade faces certification challenge
Standard definition for green hydrogen crucial to support trading and investment, panellists say
A lack of consistency in the definition of green hydrogen across different countries and regions threatens to hamper the development of global trade and investment in the fuel, according to speakers at this week’s First Element conference. The need for standardised certification of green hydrogen globally is pressing as it will support faster investment in the sector and enable the growth of liquidity in traded markets, helping investors to manage risk, panellists said. “[Certification] is really the biggest challenge we are facing,” says Daniel Wragge, director of political and regulatory affairs at the Germany-based European Energy Exchange. To speed up the process, countries already invol
Also in this section
1 May 2024
High costs and uncertainty over offtake agreements are delaying project investment decisions, according to Aurora Energy Research
1 May 2024
Low clearing prices in first European Hydrogen Bank auction reflect fierce competition for green hydrogen subsidies and buyers’ willingness to pay premium
1 May 2024
Japanese company launches test module at Takasago Hydrogen Park with aim to deploy megawatt-scale demonstration project of electrolyser technology
24 April 2024
Demand for energy purposes to outpace feedstock applications by the 2040s as government policies drive consumption, says DNV