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.