BIG HIT is a six-year demonstration project which aims to create an integrated low carbon and localised energy system establishing a replicable model of hydrogen production, storage, distribution and utilisation for low carbon heat, power and transport.
Project details
FUNDING
Project timeline
2014
Start of project development
Project finalization
2035
KEY SUCCESS FACTORS
PROJECT DEVELOPMENT PHASE
- Business model/business case development
Definition in the preparation phase needed
- Permitting and authorization procedures
Knowledge about procedures needed
- Funding
Funding should be obtained prior launching preparation phase (pre-feasibility)
- Experienced staff
Needed for the preparation phase, afterwards during the project operation staff can be trained
- Local public acceptance
Mandatory
- Project's business case
Definition in the preparation phase needed
- Project's governance model
Needed, in BIG HIT provided by a Consortium Agreement in the framework of the project
COMMERCIAL AND FINANCING PHASE
- Building a financial model
Still challenging
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.