Iberian gas futures market operator MIBGAS Derivatives and green hydrogen developer DH2 Energy are launching the first auction for the purchase of renewable hydrogen on the Iberian market.
The process begins on 15 November with the publication of the documentation on the public MIBGAS website for those interested in participating in the open tender.
The auction is aimed at all companies interested in acquiring renewable hydrogen, both nationally and internationally, without restrictions on the type of application for the fuel.
Different lots will be offered depending on the volume of supply and the duration of the contract, starting from a base price for each lot.
The first phase is the pre-qualification stage (starting tomorrow).
The next phase will be the qualification stage, and subsequently, there will be another phase solely for the qualified companies to submit their bids.
This final part of the process will be competitive.
As a result, the companies that present the best offers and are selected, along with DH2 Energy, will negotiate the final agreements bilaterally, which may lead to the corresponding contracts.
Participants will be able to submit bids to purchase the renewable hydrogen generated by DH2’s Hysencia plant.
The plant is in Aragon and construction is expected to begin in mid-2025, with operations anticipated to commence in the first half of 2027.
The Hysencia site, with an electrolysis capacity of 35MW, 49MW of solar power and 10MW of grid connection was a winner in the first European auction, funded by the Innovation Fund under the umbrella of the EU Hydrogen Bank.
It is one of the first commercial green hydrogen projects on the Iberian Peninsula. The fuel produced by Hysencia will help decarbonise the industrial and mobility sectors.
MIBGAS chairman Raul Yunta said: “At MIBGAS we are convinced of the potential that green hydrogen has, and projects like Hysencia are crucial to start laying the foundations for a renewable hydrogen market.
“We are delighted to help drive decarbonisation by developing the green hydrogen market”.