The issue of green Guarantees of Origin for hydrogen in the Netherlands has started as of October 2022. Netherlands is the first country in Europe with such a system.
The associated system was evaluated in recent months in a pilot by hydrogen exchange initiative HyXchange in cooperation with Vertogas, the certifying body for biogas, now also for green hydrogen.
A total of eighteen market parties participated in this successful pilot. HyXchange aims to rapidly expand certificate and hydrogen trading, to enable trade between European countries and hydrogen imports from countries outside the EU.
The pilot assessed the practical functioning of the system which market parties can use to register their hydrogen for a green Guarantee of Origin. These Guarantees of Origin can also be converted into renewable fuel units (RFUs) for traffic and transport: an attractive market because of the corresponding objective.
Finally, the pilot looked at the trade in these Guarantees of Origin. A standard trading contract is also being developed for this purpose together with European energy traders. This also makes it possible to start hydrogen trading quickly, as envisaged by HyXchange.
The certificates are Guarantees of Origin, which guarantee that the hydrogen is produced from green electricity. This will allow any consumer to verify whether the hydrogen was indeed produced in a sustainable manner. The Netherlands has passed a law on the subject as a national elaboration of a European directive.
Currently, the system is only a Dutch system and therefore only valid within the Netherlands. This makes the Netherlands the first country to implement this system. A more international system of hydrogen certificates based on European regulations, which is still under discussion, is expected later.
The certificate pilot is a first step of the HyXchange development plan. This development plan consists of three pillars:
- This pilot in hydrogen certification: this has been completed;
- A simulation of a spot market in hydrogen: this was recently initiated;
- An initiative towards an international price index in hydrogen.
The HyXchange trading platform is an initiative of Gasunie and the Port of Rotterdam Authority, Port of Amsterdam, Groningen Seaports and North Sea Port (Vlissingen, Ghent, Terneuzen). Gasunie and the Dutch ports will play a crucial role in the hydrogen economy.
