H2Global is an innovative instrument to promote a timely and effective technology and market ramp-up of green hydrogen and hydrogen derivatives. The German Federal Ministry for Economic Affairs and Climate Protection (BMWK) provides funding of EUR 900 million for the first ‘funding window’ of the auction-based instrument. This first ‘funding window’ is dedicated to the procurement of green products from partner countries outside the European Union (EU) and the European Free Trade Association (EFTA). The implementation and further development of H2Global is carried out by the non-profit H2Global Foundation, whose subsidiary, Hintco, uses the funding provided to compensate for the difference between supply and demand prices.
