The Green Crane initiative aims to pave the way for South to North green hydrogen flows in Europe and boosting local demand in Spain and Italy. Cross-border routes aim to connect with The Netherlands and France.
Project details
FUNDING
Project timeline
2014
Start of project development
Project finalization
2035
KEY SUCCESS FACTORS
PROJECT DEVELOPMENT PHASE
- Business model/business case development
Having a robust business model that can bring benefits and retain competitiveness for all parties along the value chain is paramount
- Political backing and buy-in
Political backing is essential for removing regulatory barriers, ensuring alignment with national plans and securing an adequate level of economic support
- Experienced staff
- Local public acceptance
- Stakeholder cooperation
- Risk sharing mechanisms between project partners
COMMERCIAL AND FINANCING PHASE
- Applying for public subsidy/grant schemes
Until renewable hydrogen becomes competitive securing grants and subsidies will be essential
- Securing public financial support (subsidy/grant)
Until renewable hydrogen becomes competitive securing grants and subsidies will be essential
- Securing customer commitments to de-risk the financial model
This is one of the key elements for the success of the project
N.A.: Not available. This is possible due to two reasons: a) the Hydrogen Valley chose to not publicly display the data or b) the Hydrogen Valley did not answer the specific question in the associated survey.