Green Hydrogen Organisation invites pre-FID green hydrogen project developers to become pre-qualified under the Green Hydrogen Standard
Pre-qualification phase fully integrated into version 2.0 of the Green Hydrogen Standard which will launch at COP28
GENEVA – 6 October 2023
Pre-qualification for early stage green hydrogen projects (including derivatives) launched today under the GH2 Green Hydrogen Standard.
Aimed at pre-Financial Investment Decision (pre-FID) projects, pre-qualification under the Green Hydrogen Standard allows project developers to demonstrate to investors, off-takers, government agencies and other stakeholders that projects will deliver green hydrogen (or its derivatives) produced with near-zero emissions and with world-class sustainable development impact.
The Green Hydrogen Standard pre-qualification phase has been fully integrated into version 2.0 of the Green Hydrogen Standard which will launch on 3 December 2023 at COP28 in Dubai.
Working with assurance and risk management leader DNV, and other assurance providers as agreed with project developers, pre-qualification under the Green Hydrogen Standard helps developers build confidence that their projects have been designed in compliance with national and regional schemes such as the EU’s Renewable Fuels of Non-Biological Origin (RFNBO) requirements under the Renewable Energy Directive and forthcoming tax credit provisions under the US Inflation Reduction Act 2022.
Pre-qualification also includes an assessment of the environmental, social and governance aspects of green hydrogen production, including the development impacts and opportunities associated with the project.
Projects will be provided with a pre-qualification report and, subject to a successful assessment, designated by GH2 as pre-qualified in accordance with the Green Hydrogen Standard™. Projects will then undergo full certification once production commences.
Green Hydrogen Organisation CEO Jonas Moberg said: “Around the world the vast majority of green hydrogen projects are yet to reach FID. Pre-qualification under the Green Hydrogen Standard will help early stage projects attract funding and demonstrate to investors and other stakeholders that these projects are genuinely low carbon and designed sustainably.”
Korea Zinc Chairman Yun Choi said: “Green hydrogen is the true green solution to decarbonising the notoriously hard to abate industry sectors the group operates in…the future of green hydrogen is now. We encourage governments and key industry players around the world to rally behind the Green Hydrogen Standard.”
Fortescue Future Industries CEO Mark Hutchinson said: “FFI is committed to the production of green hydrogen with zero carbon emissions and strong sustainability criteria. The Green Hydrogen Standard sets a benchmark for what can be considered “GH2 Green Hydrogen”, and we plan to implement it across our global portfolio of green hydrogen projects.”
To discuss pre-qualification please contact Sam Bartlett, Director - Green Hydrogen Standard (firstname.lastname@example.org / +47 9026 7530)