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Shaping the Million-Ton Hydrogen Future - Exposing the Brilliance of Star Projects

[IMPACT Webinar] Shaping the Million-Ton Hydrogen Future - Exposing the Brilliance of Star Projects

Date & Time: 13:30-15:30 UK Time | Aug 15 TUE

Format: Digital Conference


The growth projections for clean hydrogen production are truly astonishing. As the industry rapidly expands, there is a target to reach 38 million metric tons annually by 2030, more than four times the amount produced in 2020. This significant surge in production n demonstrates the growing momentum and potential for hydrogen as a clean and sustainable energy source.

The August 15 IMPACT webinar titled “Shaping the Million-Ton Hydrogen Future – Exposing the Brilliance of Star Projects” highlights a new cast of star projects that drive innovation and sculpt the early-stage development of the hydrogen industry. By uniting the brightest minds behind the pioneering initiatives, this webinar aims to shed light on the profound impact of projects that shape the future of the hydrogen industry and provide an exclusive opportunity for the audience to gain industry-specific knowledge and invaluable insights. The following is a condensed recap of the webinar's key talk points.

Recording Timestamps:

3:50-25:13 | [Opening] InterContinental's Ultra Large Hydrogen Initiatives and Progresses

Ms. Alicia Eastman, President, InterContinental Energy

25:28-40:57 | Multiplying Hydrogen Ecosystem with Valleys: The Andalusian Green Hydrogen Valley Case

Ms. Ana-Maria Vidaurre, Head of Renewable Hydrogen Structuring & Strategic Partnerships, CEPSA

41:15-55:55 | Navigating the Hydrogen Speedy Course: Sailing through the Suez Canal

Mr. Ahmed Saad, Chief Executive Officer, Suez Canal Economic Zone

56:12-1:15:03 | Investor's Evaluation of Giga-Scale International Hydrogen Opportunities: An Objective Assessment

Mr. Philip Christiani, Partner - Energy Transition Fund, Copenhagen Infrastructure Partners

1:16:00- 2:06:13| [Leader’s Panel] Risk to Resilience: Industry Strategies for Managing Uncertainties in the Hydrogen Sector

Mr. Erik Rakhou, Editor & Co-Author, "Touching Hydrogen Future" - Moderator
Mr. Charles Haworth, Chief Operating and Financial Officer, Green Hydrogen, CWP Global

Ms. Alicia Eastman, President, Intercontinental Energy
Ms. Rumaitha Al Busaidi, Business Development Director, Hydrom

Mr. Luc Graré, Head of Central & Eastern Europe, Lhyfe

Dr. Tryggvi Thor Herbertsson, Global Head of Hydrogen Strategy and Partnership, Qair Group

Key Takeaways:

1. InterContinental Energy: Innovative Business Model Behind Ultra Large Initiatives

During the opening keynote of the event “Shaping the Million-Ton Hydrogen Future”, Ms. Alicia Eastman, President of InterContinental Energy (ICE), provided insights into ICE's extensive portfolio of multi-gigawatt projects and its keys to success. ICE takes a different approach than traditional developers by being a long-term investor and actively involved in all of its projects. Alicia emphasized the significance of establishing robust partnerships throughout the process. She also detailed how ICE carefully selects the optimal locations for its projects. By incorporating an optimized wind and solar hybrid system, ICE effectively addresses one of the major challenges in hydrogen production - the intermittent nature of renewable energy sources, ensuring maximum system utilization and cost reduction. Currently, ICE has secured 3.8 million tons per annum (MTPA) of green hydrogen resource and has 0.7 MTPA of green hydrogen under development. Some notable projects include the Australian Renewable Energy Hub (AREH) operated by bp with a capacity of 26+GW, the Western Green Energy Hub (WGEH) operated by ICE with a capacity of 50+GW, the Saudi Arabia Renewable Energy Hub (SAREH), and the Green Energy Oman (GEO) operated by Shell, which can generate up to 25GW.

2. CEPSA: Hydrogen Valleys Multiply Hydrogen Ecosystem with the Green Hydrogen Ring

To achieve its goal of net positivity by 2050, CEPSA has unveiled the Positive Motion strategy and launched the Andalusian Green Hydrogen Valley, a groundbreaking renewable hydrogen project in Spain and a significant undertaking in all of Europe. The vision for this initiative is to establish a total capacity of 2 GW of electrolysis by 2030, enabling the production of hydrogen for Huelva, which is one of CEPSA's energy parks located in Palos de la Frontera. As a key player in global bunkering activity, CEPSA has also collaborated with the Port of Rotterdam and ACE Terminal to venture into the production of green ammonia and green methanol. Moreover, CEPSA intends to utilize its hydrogen production capabilities to supply industries in the surrounding area. This integrated approach will create the Green Hydrogen Ring in Palos, connecting renewable energies, electrolysis, biogas, hydrogen pipelines, storage, and consumer supply in Spain and abroad. By optimizing production and reducing costs, this initiative aims to maximize efficiency. According to Ana-Maria, it is crucial to thoroughly analyze all aspects of the project and implement various strategies to ensure its success. Establishing strong connections with strategic alliances is also essential to maintain competitiveness. The achievement of this ambitious vision requires the combined efforts of multiple parties and endeavors.

3. SCZONE: Partnering with Investors from Various Markets and Accelerate Renewable Energy Generation in Egypt

According to Mr. Ahmed Saad, CEO of the Suez Canal Economic Zone (SCZONE), there is a growing demand for green hydrogen in both the European and Asian markets. These regions are actively pursuing energy transition and are enthusiastic about fostering a green economy. To cater to this demand, SCZONE has signed Memorandums of Understanding (MOUs) with investors from various markets to establish a shared economy or shared facilities that allow all investors to reduce their CAPEX. Mr. Ahmed Saad also emphasized the importance of leveraging the energy efficiencies available in the Egyptian market, particularly in solar and wind power. Egypt is expected to achieve 42% renewable energy generation by 2035. Taking advantage of these renewable production capabilities, SCZONE plans to conduct its first green bunkering in methanol. Furthermore, in light of the Covid-19 pandemic and geopolitical tensions worldwide, many industries, especially heavy industries, are pursuing nearshoring strategies to better prepare for the energy transition. Recognizing this trend, the Egypt government and SCZONE are actively partnering with investors to address their concerns and provide incentives for their projects.

4. CIP: An Overall Assessment of Hydrogen in Hard to Abate Sectors

The total energy consumption in 2050 of our planet is about 320 EJ. Copenhagen Infrastructure Fund (CIP) assumes that a very large part of the energy by then has been electrified, and hydrogen plays a critical rule in hard to abate areas. Mr. Philip Christiani, Partner of Energy Transition Fund at CIP, shared CIP’s endeavor in hydrogen sector and highlights some challenges facing the industry. One key challenge, according to Philip, is the slow pace of legislative action, particularly in Europe, as the confirmation of RED III is postponed by the European Union. In addition, the lack of consolidated offtake agreements and willingness to pay has hindered progress in the hard-to-abate chemical and fertilizer sectors. However, positive developments are being observed in the marine, iron, and steel sectors, which are moving forward with hydrogen adoption. The road transportation sector faces a different challenge, as there is still a lack of convincing arguments for utilizing hydrogen as a fuel for trucks, despite the existence of several pilot projects. Similarly, the aviation sector lacks a standardized approach to drive upstream technological advancements. Despite all challenges mentioned above, the industry is making progress, albeit at a slower pace in certain areas.

5. Leader’s Panel: Discovering and Managing Uncertainties in the Hydrogen Sector

What are the challenges facing the hydrogen industry? How can we manage them? As discussed by all panelists, the uncertainties in the hydrogen sector include but are not limited to:

  • Lack of cooperation and partnerships

  • Lack of government support and regulations

  • Lack of certification for trade (the assessment/calculation of the emissions)

  • Immature supply chain and technology

  • Uncertain means of transportation

  • Project financing issues

  • Merchant risk (the length of the offtake agreement)

Through discussion, the panel has proposed several enlightening strategies. Firstly, it is crucial to secure state guarantees for short-term offtake agreements. Secondly, as hydrogen technology continues to evolve, providing technology guidance and support to financiers can help bridge the knowledge gap and facilitate financing for hydrogen projects. Moreover, the development of shared infrastructure can play a vital role in risk diversification. Last but not least, building robust partnerships and fostering open dialogue among all relevant stakeholders is essential.

Insights Brought to You by:

Alicia Eastman



InterContinental Energy

Ahmed Saad



Suez Canal Economic Zone

Charles Haworth

Chief Operating and Financial Officer, Green Hydrogen

CWP Global

Luc Graré


Head of Central & Eastern Europe


Erik Rakhou


Associate Director, Editor & Co-Author of Touching Hydrogen Future

Boston Consulting Group (BCG)

Ana-Maria Vidaurre

Head of Renewable Hydrogen Structuring & Strategic Partnerships


Philip Christiani

Partner - Energy Transition Fund

Copenhagen Infrastructure Partners

Rumaitha Al Busaidi


Business Development Director


Tryggvi Thor Herbertsson


Global Head of Hydrogen Strategy and Partnership

Qair Group


Eileen Tang

Assistant Content Analyst

Leader Associates

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