bankability

2 pieces

What a hydrogen buyer can pay is below USD 2/kg. For steel it is negative.

The offtake conversation usually stops at 'buyers are slow to commit'. The IEA has now computed what they could commit to, and published the boundary it used. The answer changes which projects are worth developing.

30 Aug 20269 min read7 sources

bankabilityproject-financeofftake

What a lender actually underwrites, and why it is not your LCOH

The most authoritative paper on hydrogen bankability is co-written by an ING energy director. It declines to publish a DSCR threshold, and says doing so would be misleading. What it does quantify is the price of a short contract: roughly 50% equity.

2 Aug 202611 min read12 sources