Green Crane (Western route)
Green Crane (Western route)
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 finalisation
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.