Black & Veatch Highlights Challenges of Multiple Offtakers in Clean Hydrogen Projects
Black & Veatch reports that clean hydrogen projects with multiple offtakers are less bankable and more complex. The firm emphasizes that projects with a single offtaker are more straightforward to deliver. Multiple buyers may introduce uncertainty regarding long-term hydrogen demand and pricing.
Black & Veatch states that clean hydrogen projects involving multiple offtakers are less bankable and more complex than those with a single offtaker. The firm’s Process Solutions Director, Keigh Taylor, highlighted that projects with various small buyers could experience offtake uncertainty. He noted that these buyers might reconsider their hydrogen sourcing options and pricing in the future, potentially complicating project delivery and financial stability.
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