The Green Hydrogen Organisation (GH2), a non-profit foundation under Swiss law, has appointed assurance and risk management expert DNV to support the assessment of green hydrogen projects in accordance with the Green Hydrogen Standard.
GH2 launched the Green Hydrogen Standard at the Green Hydrogen Global Assembly & Exhibition in Barcelona in May 2022.
As explained, the standard provides certainty and transparency to investors and other stakeholders that green hydrogen is made with renewable electricity which conforms to the highest standards on emissions, ESG and sustainable development goals.
In the first global effort of its kind, green hydrogen projects that meet the Green Hydrogen Standard will be licensed to use the label ‘GH2 Green Hydrogen’ and will be eligible to obtain and trade GH2 certificates of origin for green hydrogen and derivatives such as green ammonia .
With the appointment of DNV, the first six green hydrogen projects will begin to be assessed in accordance with the standard, with the scope to add further projects and companies in the coming months.
DNV’s Executive Vice President for Energy Systems, Northern Europe Prajeev Rasiah said: “Hydrogen and derivative fuels and feedstocks have great potential to grow rapidly around the world and are needed to meet net zero, but will only deliver meaningful emissions reductions if the hydrogen production itself is as clean as possible.
“DNV is very pleased to be working with GH2 and project developers to help ensure that new hydrogen production is truly environmentally and socially sustainable. DNV’s rigorous assurance work will help build confidence in this growing sector.”
Participating companies Fortescue Future Industries (FFI), Hy Stor Energy, and Envision welcomed the development describing it as the “world’s ‘new oil’, along with net zero industrial parks as the ‘new infrastructure”.