Double sided auctions for one single goal.
Hintco's core task is the implementation of competitive bidding processes for the purchase and sale of clean hydrogen-based products and other low-carbon commodities for shaping the global energy transition.
Germany commits EUR 588 million to bilateral H2Global Tenders with Australia and Canada
Hintco is happy to announce that Germany’s BMWK has officially committed up to EUR 588 million for the two bilateral H2Global tenders with Canada and Australia. This follows previous declarations of intent signed in 2024 by Germany, Canada and Australia.
Germany’s firm fund allocation is expected to be complemented by Australia and Canada, resulting in total tender volume for both tenders of up to EUR 1.2 billion.
Hintco Announces EU Approval of Second H2Global Auction Round Worth Up to EUR 3 billion
Hintco is pleased to announce the official notification under EU State aid rules of the second round of H2Global auctions with a budget of up to EUR 3 billion.
Germany’s BMWK and the Netherland’s KGG have combined their resources, committing up to EUR 2.5 billion to global, non-European producers. Additional funding allocations from Germany for European-specific tenders are under discussion with the EU Commission.
How it works
To stimulate emerging markets for clean hydrogen and low-emission fuels, Hintco acts as a market maker. It buys hydrogen from early production facilities and sells it to end-users. Grants from public or philanthropic bodies bridge the gap between supply prices and demand prices. At this early stage, buyers and sellers have varying expectations on price, volume, and contract terms. Hintco uses H2Global’s double-auction mechanism to bridge these expectations, mitigating risks and providing the certainty needed for producers to finance projects and end-users to purchase these products on acceptable terms.
