The Iberian gas futures market operator MIBGAS Derivatives, in collaboration with green hydrogen developer DH2 Energy, has launched the first auction for renewable hydrogen in the Iberian market. The process begins on 15 November, with the publication of documentation on MIBGAS's public website for companies interested in participating.
The auction is open to all companies, both domestic and international, interested in acquiring renewable hydrogen. There are no restrictions on the fuel's application type. Various lots will be available, based on supply volume and contract duration, each starting at a base price.
The auction will proceed in several stages. The initial phase is the pre-qualification stage, followed by a qualification phase. In the final competitive phase, qualified companies will submit bids, and those with the best offers will be selected to negotiate final agreements bilaterally with DH2 Energy.
Bids will be for renewable hydrogen produced at DH2 Energy's Hysencia plant, located in Aragon. Construction is slated to begin in mid-2025, with operations expected to start in the first half of 2027. The Hysencia site, which will feature 35MW of electrolysis capacity, 49MW of solar power, and 10MW of grid connection, was a winner in the first European auction funded by the EU Innovation Fund under the Hydrogen Bank initiative.
The Hysencia project, one of the first commercial green hydrogen projects on the Iberian Peninsula, aims to decarbonize the industrial and mobility sectors. MIBGAS chairman Raul Yunta commented, “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.”
