Second H2Global tender worth €2.5 billion kicks off

February 20, 2025, by Ajsa Habibic

Germany-based Hintco, an intermediary for purchasing and selling green power-to-X (PtX) products within the H2Global funding mechanism, has launched the second tender worth €2.5 billion.

The second H2Global tender officially started on February 19, 2025, following the successful state aid notification for the scheme by the European Commission.

As understood, this second supply-side auction for renewable fuels of non-biological origin (RFNBO) is organized into four regional lots and one global lot, with a minimum of €484 million allocated for the regional lots and a minimum of €567 million for the global lot.

The total amount stands at €2.5 billion, with the potential to increase to close to €3 billion pending final budget approvals.

The tender also includes a joint lot which will be funded jointly by the governments of Germany and the Netherlands.

Timo Bollerhey, CEO of Hintco and Co-Founder of H2Global, said: “Hintco is once again setting new milestones by pooling funds from different governments into a single auction, targeting both global and—for the first time—European renewable hydrogen production. In doing so, Hintco is accelerating the creation of a renewable hydrogen market and de-risking the nascent hydrogen value chain.“

Markus Exenberger, Executive Director of H2Global Foundation and Co-Founder of H2Global, added: “For the first time, this latest H2Global auction is backed by funding from two governments, proving that global cooperation in clean energy is not only possible but essential. Each auction and lot accelerate the energy transition, helping to scale markets and drive investment. As the world strives to decarbonise hard-to-abate sectors, mechanisms like H2Global play a vital role in making the energy transition a reality—and with more agreements in the pipeline, momentum is only growing.”

H2Global’s double-sided auction aims to bring together the most competitive production costs and the highest willingness to pay, minimizing the residual green price gap covered by public funds. This approach seeks to facilitate price discovery and transparency while progressively scaling trade flows to build market liquidity. Additionally, it addresses infrastructure insecurity through targeted contractual terms and stipulations.

The first H2Global auction ended in July 2024 with Abu Dhabi-based ammonia producer Fertiglobe as the winning bidder among five finalists of the pilot auction.