Leipzig exchange develops Europe’s first hydrogen trading platform with partners

The European Energy Exchange (EEX) has developed a platform for the future technical implementation of sales auctions and other trading instruments for hydrogen and its derivatives. The platform is intended for government and commercial entities, and its establishment is expected to support the development of an international market. The market intermediary will be Hydrogen Intermediary Company GmbH, a company subsidized by the German Federal Ministry for Economic Affairs and Climate Action (HINT.CO).  

EEX today signed a preliminary agreement with HINT.CO, a subsidiary of the KHGlobal Foundation. Under the terms of the agreement, EEX will enable HINT.CO to hold auctions for renewable hydrogen and its derivatives, such as ammonia, methanol and aviation fuel. The platform will provide a competitive, transparent and non-discriminatory auction format and facilitate the cost-effective introduction of renewable hydrogen to the market.

Peter Reitz, CEO of EEX, highlighted the significance of this development for the exchange: "Hydrogen plays a central role in the modernisation and decarbonisation of our industry. Establishing a trading platform is an important milestone in integrating hydrogen into the market. The H2Global approach is recognised across the EU and is also gaining importance worldwide, making it possible to create a liquid market with strong price signals for renewable hydrogen."