New initiative brings together CEOs and investors to speed up clean hydrogen industry

New Joint Forum, an initiative that will foster a dialogue between industry leaders and investors to advance decarbonisation with clean hydrogen and derivatives, has been launched.

The Joint Forum was launched on 22 June by the Hydrogen Council, a global coalition of CEOs with a united vision and long-term ambition for hydrogen, and The One Planet Sovereign Wealth Funds (OPSWF) Network, which brings together 47 investors with over $37 trillion in assets under ownership and management.

As explained, this initiative will foster a dialogue between industry leaders in hydrogen and the leading investors to accelerate the development of the clean hydrogen economy and contribute to greenhouse gas (GHG) emissions reduction and climate change mitigation in line with the Paris Agreement.

It will also work on unlocking the potential of the hydrogen economy in emerging and developing markets to boost green industrialisation and sustainable economic growth.

The collaboration will focus on alignment on sustainability standards and certification solutions for clean hydrogen and derivatives.

It will set out an 18-month roadmap of action, focusing on three priorities:

• Supporting mutual recognition of certification schemes for clean hydrogen and derivatives;
• Fostering uptake of common global industry standards; and
• Unlocking environmental and socio-economic benefits of the hydrogen economy in emerging and developing countries.

“As we scale up the clean hydrogen value chain, consistent standards and an aligned vision between industry leaders and global investors will be crucial for success. The Hydrogen Council working with the OPSWF Network is well positioned to provide the leadership necessary to accelerate the development of a clean hydrogen ecosystem, to support industrial decarbonisation and facilitate cross-border trade in hydrogen and derivatives”, said Sanjiv Lamba, CEO of Linde plc and Co-Chair of the Hydrogen Council.

Yoshinori Kanehana, Chairman of Kawasaki Heavy Industries, Ltd. and Co-Chair of the Hydrogen Council, added: “Unlocking the socio-economic value of clean hydrogen and derivatives, and developing robust global sustainability standards and certification solutions, are critical priorities for the industry. Joining forces with the global investors to advance these priorities through the Joint Forum and its partners is instrumental to accelerate the delivery of hydrogen projects to support our net zero goals.”

• READ MORE: Hydrogen needs to grow sevenfold to support global energy transition, report says

Hydrogen solutions and developments will be showcased at Offshore Energy Exhibition & Conference (OEEC) 2023 in the dedicated Hydrogen Area.

Taking place on 28 and 29 November at the RAI Convention Centre in Amsterdam, the OEEC 2023 gathers around 400 exhibitors, showcasing their experience and expertise in the offshore wind, oil and gas, marine energy, hydrogen sector and more.

Book your ticket with the Early Bird discount now and join the Hydrogen Area!