MIBGAS Derivatives, the operator of the Iberian gas futures market, in partnership with green hydrogen developer DH2 Energy, is set to launch the first auction for renewable hydrogen on the Iberian market. The auction process will officially commence on Friday, November 15, with documentation available to interested participants via the MIBGAS public website.
The auction targets companies interested in renewable hydrogen, allowing both national and international bidders to participate without restrictions on its application. Various supply lots will be offered, with prices determined by volume and contract duration.
The auction process includes multiple stages, starting with a pre-qualification phase, which begins on November 15, followed by qualification. In the final competitive phase, qualified companies will submit bids to secure renewable hydrogen. Selected bidders will negotiate agreements directly with DH2 Energy, which could result in finalized contracts.
The renewable hydrogen for auction will be sourced from DH2’s Hysencia plant in Aragón. Construction of the plant, with an electrolysis capacity of 35 MW and additional 49 MWp photovoltaic power, is scheduled to start in mid-2025, aiming to commence operations by the first half of 2027. Hysencia is recognized as a pioneering green hydrogen project on the Iberian Peninsula, supported by the EU Hydrogen Bank’s Innovation Fund.
Raúl Yunta, MIBGAS chairman, emphasized the importance of such projects, stating, “Projects like Hysencia are vital for establishing a renewable hydrogen market and driving decarbonization.” DH2 Energy’s managing director, Marcos López-Brea Baquero, noted that this auction sets a significant benchmark for the industry, adding, “We are confident this will stimulate demand and contribute to a stable renewable hydrogen market.”
This initiative marks a milestone in the renewable hydrogen sector, with the Hysencia plant expected to contribute to decarbonizing industries and mobility across the Iberian Peninsula.
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