Letter from London: Hydrogen’s risk allocation puzzle
Finding a way to efficiently share risk between developers, offtakers and financiers is crucial to unlocking investment in green hydrogen projects, according to speakers at the FT Hydrogen Summit in London
Commodities trader Trafigura expects to make FID on a 20MW green hydrogen facility at Milford Haven in South Wales very shortly, an all-too rare example of a project making it all the way from draft proposal to bankable asset. So what are the ingredients needed to de-risk a project and make it happen? The Milford Haven project has “known bankable customers”, an existing grid connection, access to renewable power and support from the UK government, Margaux Moore, head of energy transition research and venture investment for Trafigura, told the FT Hydrogen Summit in London. Statistically, Milford Haven is an outlier in the green hydrogen sector, where less than 10% of announced projects have m
Also in this section
17 October 2024
Kingdom’s national energy and chemicals company is investing in technology and infrastructure to support the establishment of the low-carbon hydrogen value chain and make its widespread use a reality
16 October 2024
Southern European country looks to leverage its renewable power resources, but its hydrogen project developers face a challenging demand outlook
10 October 2024
The Gulf Energy Information Excellence Awards 2024 celebrated the industry's top innovators at a gala in Houston, recognising achievements in categories ranging from digital transformation to sustainability
9 October 2024
Danish government stresses support for hydrogen pipeline project despite slippage of three or four years in commissioning timetable