Powerfuels – green hydrogen as well as gaseous and liquid fuels from power-to-X processes using renewable electricity - will play an indispensable role in achieving the EU’s 2030 climate target of reducing emissions by 55% and, ultimately, the goal of climate neutrality by 2050.
Developing and implementing renewable hydrogen projects involves various risks along the project’s entire value chain. With the nascent renewable hydrogen market set to undergo rapid expansion in order to meet the ambitious targets to scale up production capacities, developing effective risk avoidance and mitigation strategies, e.g. through standardised terms for offtake contracts, is essential.
Systematically identifying, categorizing and ranking the main green hydrogen project risks is an important prerequisite of deriving appropriate risk mitigation strategies and can hence effectively support ramping up production capacities in Europe and globally.
In the Powerfuels Brief on August 30, 2022, the Global Alliance Powerfuels presented insights from its forthcoming report on green hydrogen project risks and discussed recommendations to avoid and mitigate project risks with Bernhard Schneider, Product Lead Hydrogen at Munich Re. The presentations were followed by a moderated discussion with participants of the event from policy, research, finance and industry.
The presentations from the event are available for download below.
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