ACWANET Knowledge & Collaboration Platform

Registration

Catherine Gras

CEO & Board Member, Storengy Deutschland

8:00 am ~ 8:30 am

Case Study Integrating Regional Hydrogen Markets, Opportunities and Barriers What is the potential for hydrogen trade between Europe and its southern neighbours? What is required to integrate the European and Southern Mediterranean energy markets? What can we learn from the checkered past? What physical infrastructure is required to enable a liquid market for hydrogen? Who would pay for this?

Frank Wouters

Chairman, MENA Hydrogen Alliance

8:40 am ~ 9:05 am

Funding for hydrogen mobility in Germany - status quo • How to adress different market stages - from R&D to market ramp up • Is public funding (still) the right way to go or do we need other instruments for a further roll-out. • Implementation of the German National Hydrogen Strategy

Johannes Daum

Head, NOW GmbH

9:05 am ~ 9:30 am

• Identifying the most promising investment opportunities in the hydrogen sector • Evaluating the risks and returns of hydrogen projects. • Discussing the role of public-private partnerships in attracting investments

Frank Wouters

Chairman, MENA Hydrogen Alliance

Jun Sasamura

Senior Analyst, Westwood Global Energy Group

Fatemeh Rezazadeh

Vice President, VARO Energy

Samuel Simon

Director, Jones Lang Lasalle

9:30 am ~ 10:10 am

• Connecting supply and demand in a proper way • Close alignment throughout the value chain: requirement of well-coordinated development of hydrogen industry and wider collaboration, • Challenges: the gap between offtakers’ willingness to pay and achievable hydrogen price level at delivery points, and approach to narrow discrepancy

Ryo KOGURE

Vice President, Mitsubishi Nederland B.V.

10:10 am ~ 10:35 am

Understanding the Capital Requirements and Potential Regulatory Financing Structures for H2 Pipeline Infrastructure • Confirming supply-demand scenarios and raising development capital to FID • Engaging regulators on potential business models • Key principles of a regulatory business model for pipeline transmission operators

Imran Abdulla

Associate Director, Guidehouse

11:30 am ~ 11:55 am

The widespread deployment of clean hydrogen will not happen without long-term finance. Despite significant interest in new hydrogen technologies, few projects have successfully been brought from pilot to full-scale development. Public and private sectors must work together to unlock capital flows and ensure hydrogen takes its critical place in a clean energy future. • How can hydrogen projects be financed and what sources of finance are available? • What support do governments need to provide to stimulate demand and mitigate financial risk for investors? • Will the EU’s Clean Tech Act compete with the Inflation Reduction Act? Is there an opportunity for successful transatlantic co-ordination? • How can the development of certification and standardization schemes be accelerated? What role will international collaboration play in this process?

Allan Baker

,

Catherine Gras

CEO & Board Member, Storengy Deutschland

Bart White

Head, Santander UK

William Mezzullo

Head of Hydrogen Research, Centrica

11:55 am ~ 12:35 pm

• Risks and mitigants from a banking perspective • Financing structures – what works and what does not • Importance of early bankability

Hydrogen Finance: Unlocking Investment Opportunities in the Clean Energy Sector. • Green Financing: Mobilizing capital for hydrogen infrastructure projects • Investment Strategies: Analysing market trends and potential returns in the hydrogen sector • Hydrogen Bonds: Unlocking financing solutions for the clean energy transition • Financial Models: Assessing risks and returns for hydrogen investments. • Diversifying Portfolios: Exploring investment funds that focus on hydrogen companies.

• Capital Flow: Evaluating the direction of capital in the tax equity market for hydrogen projects. • Risk and Return: Assessing the revaluation of risk and return on existing assets in light of tax equity opportunities. • Market Changes: Predicting the expected changes and shifts in the tax equity market for hydrogen projects. • Bonus Qualifications: Understanding the criteria and qualifications for bonus provisions in tax equity investment. • Incentives and Direct Pay: Analyzing the effectiveness and practical implementation of new provisions in tax equity investments. • Compliance Documentation: Exploring how hydrogen projects document compliance with tax equity regulations.

CPPIB Strategy for Hydrogen Investments • CPPIB approach to decarbonization and energy transition; thesis on hydrogen as a scalable sector • Our platform investment approach: backing teams with follow-on capital makes nascent sector scalable for a large institutional investor • Customer-back approach to hydrogen; existing industrial users of grey hydrogen key to first-wave FID • Return drivers: project de-risking, portfolio synergies, and platform value

Models for production of hydrogen from offshore wind – offshore, onshore, centralised & decentralised Offshore hydrogen pipeline infrastructure and connection of hydrogen from offshore wind to shore Requirements for finance of hydrogen from offshore wind projects

Main challenges on project development of Green H2 production from OFW. • Opportunities for suppliers • Opportunities for

After some key facts on the different available technologies, the underground potential in Europe and the development timeline, the presentation will focus on the role of hydrogen storage and the hurdles that need to be overcome to come to final investment decision.

Catherine Gras

CEO & Board Member, Storengy Deutschland

5:00 pm ~ 5:25 pm

• Overview of our broad testing infrastructure - ranging from relatively small cell- und stack test stands in the kW-range all the way up to our multi-MW full system test benches • We are involved in developing standardized testing protocols, to allow for comparable performance analysis, such that confidence in hydrogen assets can grow among financers and project developers • I can show how these tests are set up in principle and what they cover • We can offer a sort of type certification testing, such that projects with large modular plants can be verified and validated and in the end de-risked, by putting one of the modules on our test benches

• Government grants and subsidies for hydrogen production are only temporary. The taxpayer will only consent to so much support. Thus, projects that rely on such financing are unsustainable in the longer run. • Consequently, major projects will only be developed in regions where support is not needed, where energy and land are inexpensive and abundant – far from main markets. • As a result of this transportation will be a major issue. Global trade will revolve around hydrogen derivatives that can easily be transported over long distances. • So, the big question is which carrier should the industry bet on?

Hydrogen: Present and Future in Spain • Start with the European Strategy and the last information available as additionality, renewable hydrogen definition, geographic and time rules, EU investment bank, etc. • Continue with the Spanish strategy and the last updates as our new challenges on climate and environmental goals, as well as hydrogen KPAs. • Once the Spanish and European Strategies are further developed, I will present the Spanish hydrogen projects to be further develop in the following short years up to 2025-2026. • Other part for the European projects regarding the strategies. • The last part is for the future challenges of the hydrogen sector, not only the public and private partnerships, but also the cost reduction with the economies of scale, as well as the new regulation to be further developed.

• Decarbonization through Synergies in Public Funding and Private Finance • Unlocking the Potential: Market Sizing of the Clean Hydrogen Sector • Fueling Progress: Public Funding and Market Making Mechanisms (Overview of EU & countries case studies) • Navigating the Investment Landscape: Equity Investments in Clean Hydrogen (VC, PE, Infra funds) • Debt & Insurance Stakeholders: Catalysts for Industry Expansion • Capital Markets in Focus: Green Bonds and Sustainable Financing

• Should we worry about technology? • What are the barriers to financing of hydrogen projects? • What can we learn from projects that are moving ahead? • Can hydrogen ever be a global commodity?

Allan Baker

,

9:30 am ~ 9:55 am

• Infrastructure (Pipeline, Shipping) to establish global hydrogen supply chain network and Hydrogen carrier technology • Key points of LOHC-MCH technology as hydrogen carrier (technology overview, technology development history & update) • Ongoing global hydrogen supply chain projects by LOHC-MCH technology and target schedule for commercialization

Large scale green hydrogen production as a flexibility in the energy sector • Large scale hydrogen storage in salt caverns • Large scale hydrogen transport via pipelines • Industrial use in the steel industry

Accelerating Global Demand for Hydrogen Growth • Analysis of medium-term trends influencing the hydrogen market's growth • Understanding the current and projected near-term supply and demand dynamics for hydrogen • Exploring forecasts for hydrogen supply, including production capacities and distribution networks • Assessing factors driving the increasing demand for hydrogen across industries and sectors • Examining the potential impact of policy incentives and government initiatives on hydrogen growth • Identifying challenges and opportunities for meeting the growing demand for hydrogen

Hydrogen projects have seen some headwinds recently. In his presentation, Matti Malkamäki will open the topic by discussing low-carbon hydrogen and why the industry wants it. A brief comparison between the USA and EU will also be on the table.

Evaluating bankability: Exploring the financial community's perspective on assessing the viability of hydrogen hub projects for capital raising. • Project financing: Understanding the key considerations and criteria for evaluating the bankability of hydrogen hub projects. • Risk assessment: Analyzing the financial risks associated with Hydrogen Hub Projects and Their Impact on Capital Raising. • Funding Sources: Examining the Various Options Available for Raising Capital, Including Traditional Lenders, Private Equity, and Government-Backed Programs. • Financial Models: Discussing the Development and Utilization of Accurate Financial Models to Evaluate the Financial Feasibility and Attractiveness of Hydrogen Hub Projects. • Regulation: What is the role of regulation and how does it affect bankability?

 • The Importance of Thorough P2X Feasibility Studies: Assessing off-take, cost efficiency and scalability is crucial, as it sets a strong foundation for commercial success. • Selecting Appropriate and Efficient Technologies for P2X: Emphasize the significance of strategically choosing technologies that contribute to lowering the Levelized Cost of X (LCOx) and strengthening the overall business case. • Biogas in P2X Projects: Focus on the strategic development of Power-to-X projects from a biogas perspective, underlining the commercial value of biogenic CO2. Explore how effectively coupling biogas with the production of eMethane and eMethanol can open new avenues for business growth.

How are banks and investors viewing the pros and cons in hydrogen development? • What are the turn-ons and turn-offs to hydrogen financing, and where’s the capital coming from? • Barriers to entry for hydrogen financiers: are the current project finance models sufficient considering the scale of the projects? • How to make projects still viable given rising costs and supply chain constraints? How does tax equity for offshore wind work

Mitigating risk for integrated hydrogen projects with rising complexity through combination of renewable energy, electrical grid, upscaling of Ez size and coupling with chemical process, with focus • Integrating of variable renewable energy through digital twins • Scaling up of Ez • From medium scale grid connected projects to large scale isolated grid projects • Different project development practices from energy and oil&gas

• Production of hydrogen • Hydrogen in road and rail transportation. • Hydrogen in aircraft. • Hydrogen in shipping

Bernard van Dijk

Expert, Hydrogen science coalition

3:10 pm ~ 3:35 pm

Sustainable Growth of a Green Hydrogen Industry • Policy. What are the pull and push policies that are required? • Technology. A look back of RE industry and a forward wish to electrolytic suppliers. • Market and key stakeholders. Other key enablers of industry sustainability.

Examining the regulatory actions inside the European Union (EU) that are promoting the growth of a hydrogen economy is the main objective of this session. Key topics include reviewing current policy support across Europe, examining the effectiveness of EU hydrogen policies in driving growth, investigating the policy measures required to stimulate hydrogen consumption, and considering the updated hydrogen taxonomy in Europe. • An analysis of the current policy environment supporting hydrogen development in the EU - An assessment of how well EU hydrogen policies are working to promote growth • Determining the necessary policy changes to encourage a rise in hydrogen demand. • Examining the new hydrogen taxonomy in Europe and its effects on the sector - Taking into account

Ryo KOGURE

Vice President, Mitsubishi Nederland B.V.

4:55 pm ~ 5:35 pm