Green hydrogen expansion needs more power – Trafigura

Global commodities trader urges governments to ramp up offshore wind tenders to supply new electrolyser projects

Governments must scale up tenders for offshore wind and other renewables to help keep the transition to green hydrogen and ammonia for zero-carbon shipping on track amid the deepening global energy crisis, according to commodities trader Trafigura. A surge in oil and gas prices since Russia’s invasion of Ukraine means electrolyser-based projects will increasingly have to compete with other industrial and household consumers for cheaper green power, pushing up costs, Rasmus Bach Nielsen, global head of fuel decarbonisation at Singapore-based Trafigura, tells Hydrogen Economist in an interview. Electricity is the main operating cost for green hydrogen production. The European Commission has pr