H2Global and JOGMEC initiate clean hydrogen cooperation
Hamburg-based H2Global, a foundation dedicated to accelerating the emergence of markets for clean hydrogen and other low-emissions technologies, and the Japan Organization for Metals and Energy Security (JOGMEC) have signed a memorandum of understanding (MoU) to cooperate in the field of clean hydrogen.
The MoU was signed by Ichiro Takahara, Chairman & CEO of JOGMEC, and Markus Exenberger, Executive Director of the H2Global Foundation on February 5 in Tokyo.
The joint aim of JOGMEC and H2Global is to contribute to the emergence of a clean hydrogen society.
They intend to do so by navigating regulatory frameworks, promoting clean hydrogen market development, advancing technology solutions, and establishing resilient supply chains.
JOGMEC, a key Japanese governmental body, has been actively supporting hydrogen production and utilization since the revision of the JOGMEC Act in 2022.
H2Global was established in 2021 to implement a funding concept for buying green hydrogen or derivatives abroad with long-term contracts for resale in Germany via annual auctions.
In 2023, it was linked with the European Hydrogen Bank, an initiative by the European Commission to facilitate both renewable hydrogen production within the EU and imports, to enhance global hydrogen ramp-up.
The move was made to open the H2Global to all Member States interested in running their own hydrogen tenders. The initiative will also jointly develop a European auction targeting international hydrogen imports.