DH2 Energy is launching an auction to secure offtake hydrogen from its European Hydrogen Bank- (EHB)-supported 35MW green hydrogen plant in Spain with the region’s gas futures market operator MIBGAS Derivatives.

Set to open on Friday (November 15), the auction is open to all companies interested in buying the 1,700 tonnes of green hydrogen produced by the plant per year, for any use case, both nationally and internationally.

Planned to be undertaken in three phases by MIBGAS, after pre-qualification, bidders will undergo qualification and competitive stages, where the companies that present the best offers will be selected.

Winners from the competitive round will enter negotiations with DH2 Energy in the hopes of leading to formal offtake contracts.