Vedomi-Hydrogen and GreenEarthX to Revolutionize Offtake Market for Green Hydrogen, Accelerating Global Decarbonization Efforts.
Vedomi-Hydrogen and GreenEarthX (GEX) are proud to announce a groundbreaking collaboration aimed at driving the procurement and trading of green hydrogen-based fuels, marking a significant leap forward in global decarbonization initiatives.
This strategic partnership, formalized through a Memorandum of Understanding (MoU) signed during the prestigious World Future Energy Summit and IRENA Assembly Meetings in Abu Dhabi in April 2024, signifies a joint commitment to pioneering innovative solutions for sourcing and distributing clean energy carriers such as Green Hydrogen, Ammonia, Methanol, SAF, Biofuels, and eNG.
Under the terms of the agreement, Vedomi will leverage its extensive network to aggregate demand and facilitate connections between industrial off-takers and producers on GreenEarthX’s cutting-edge GEX platform. This collaboration promises to deliver comprehensive Off-take, Spot and Forwards trading opportunities, enabling stakeholders to effectively manage their long-term energy requirements on a tokenized marketplace.
Christian Benigni, Founder and CEO of Vedomi-Hydrogen, said:
We are witnessing a significant uptake of our offering from stakeholders across the value chain, underscoring the urgent need for swift global decarbonization.
Dr. Philipp Hensler, Founder and Partner at Vedomi-Hydrogen, emphasizing the importance of the partnership in establishing industry standards for price discovery and trading of physical and digital (tokenized) spot and future contracts for green hydrogen and its derivatives.
Dr. Sumit Chowdhury, Founder and CEO of GreenEarthX, along with CBO Olaf-Gerd Gemien, highlighted the transformative impact of making certified Green Hydrogen-based low-carbon fuels tradeable. This innovation addresses a critical bottleneck in securing early off-take agreements without introducing the risk of inefficient price lockups, injecting vital trade and project finance into the hydrogen ecosystem. The partnership with Vedomi-Hydrogen will enhance the demand-side dynamics within this dynamic marketplace.
This collaboration between Vedomi-Hydrogen and GreenEarthX marks a significant milestone in the global transition towards sustainable energy solutions. By revolutionizing the offtake market for green hydrogen, both companies are paving the way for a cleaner, greener future.
READ the latest news shaping the hydrogen market at Hydrogen Central
Vedomi-Hydrogen and GreenEarthX to Revolutionize Offtake Market for Green Hydrogen, Accelerating Global Decarbonization Efforts. source
