In the FT Live Hydrogen Summit’s third session of the day, Molly Iliffe, Global Head of Hydrogen at Baringa, said one of the key frustrations it has witnessed from developers trying to reach financial close on hydrogen projects is bankable offtake.
The Global Head of Hydrogen at the consultancy said, “One major consideration that is a key headache, that our development folks are coming to us with is the need for a bankable offtake.”
“There’s a commercial gap between the cost of producing low-carbon hydrogen and the price that offtakers are prepared to pay,” Iliffe added.
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