Procurement of Green Hydrogen for Meeting Sustainability Targets
Sep 7, 2023
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Client success details
With the support and insights delivered by FutureBridge, the client could compare various clean fuel options considering the marginal cost of abatement of GHG emissions and the applicable policy and regulatory benefits in the specific geography.
The key questions addressed through this engagement were:
|Hydrogen market is evolving in Europe; however, the market framework – including the players and their roles, hydrogen contracts, pricing mechanism and means of physical delivery need to be established. The upcoming price auctions proposed by the EU can be an initial step towards achieving these objectives|| |
The engagement comprised of geography-specific studies in the context of the client’s requirements:
- Market assessment to identify current status and future outlook of H2 in the EU
, policy and regulatory push and development of value chain.
- Identification of large projects and evolving infrastructure which can cater to industrial hydrogen requirements.
- Technology assessment of electrolysers and their readiness levels to identify the most suitable technology for adoption.
With this engagement, FutureBridge identified the most cost-beneficial route to adopt green hydrogen at the client’s facilities at various locations. Moreover, appropriate timelines were suggested which would help ensure commercial feasibility based on expected maturation of technologies and hydrogen ecosystem.