HSA auctions
On the demand side, Hintco sells the purchased product in a subsequent H2Global sales auction, entering mainly into short-term sales agreements (Hydrogen Sales Agreements, HSAs) while identifying offtakers with the highest willingness to pay.
These short-term sales agreements create regular price signals through the continuous sales auctions on the demand side. Through this transparent price information, Hintco directly contributes to the creation of a functioning renewable hydrogen market. In addition, the short-term sales auctions provide continuous trade flows and liquidity, another core characteristic of functioning markets.
The H2Global HSA auctions are expected to take place 12 months before the delivery of the first quantities of product auctioned in the respective HPA auction.
As soon as the final HSA framework agreements are finalized, they will be accessible here. From that moment on, it will be possible for interested parties to conclude framework agreements with Hintco in order to participate in upcoming HSA auctions.
The first HSA auction is expected to take place 12 months before the delivery of the first quantities of product auctioned in the respective HPA auction.
Approximately one year before the first HSA auction, interested bidders have to sign framework HSA contracts with Hintco. This is a pre-requisite for participating in the HSA auction. After the HSA auction, the awarded bidder(s) will sign an individual HSA with Hintco.
Hintco has published a new draft of the framework agreement. This will serve as the contractual basis for the anticipated H2Global pilot sales auctions and are accessible for review.
Hintco also launched an online survey to gather valuable feedback from the private sector, specifically potential offtakers. This survey offers industry stakeholders a critical opportunity to help shape the design of upcoming H2Global sales auctions and ensure alignment with market needs.
Hintco releases new draft hydrogen sales agreement and starts market sounding on future tenders’ sales auctions
Hintco has published new draft framework and individual hydrogen sales agreements. These will serve as the contractual basis for the anticipated H2Global pilot sales auctions and are accessible for review.
Hintco also launched an online survey to gather valuable feedback from the private sector, specifically potential offtakers of renewable hydrogen and derivatives.
This survey offers industry stakeholders a critical opportunity to help shape the design of upcoming H2Global sales auctions and ensure alignment with market needs.