Hydrom, the Sultanate of Oman’s green hydrogen orchestrator, has revealed plans for its third round of green hydrogen auction , set to launch in early 2025. The announcement was made during the inaugural Green Hydrogen (gH2) Investor Day, an event that brought together over 400 global stakeholders, investors, and industry leaders to highlight Oman’s progress in green hydrogen and its role in the global energy transition.
Based on the first two rounds of auctions, the third auction round incorporates lessons learned to optimize bidder participation and enhance competitiveness. These include refined block allocation strategies, streamlined auction procedures, and the introduction of innovative mechanisms such as double-sided auctions, to build the upstream hydrogen production with downstream industries like green steel and fertilizers.
These auctions are designed to attract a diverse pool of global and local stakeholders and emphasize localisation, infrastructure readiness, and alignment with global market trends, expecting to further bolster Oman’s green hydrogen ecosystem and contribute significantly to the country’s long-term renewable energy goals.
H.E. Eng. Salim bin Nasser Al Aufi, Minister of Energy and Minerals and Chairman of Hydrom, said in a report on Zawya, “With this third auction round, Oman is taking a measured and strategic step forward in advancing its green hydrogen ambitions. Our focus is not only on scaling production but also on ensuring that each project is grounded in sustainability, technological innovation, and tangible economic value. “
He also added that by leveraging Oman’s competitive renewable resources and strategic geographic position, they are aiming to create opportunities that resonate globally, attract meaningful partnerships, and contribute to a robust and reliable green hydrogen supply chain.”
The Investor Day featured engaging discussions and updates on Oman’s progress in green hydrogen, along with discussions focusing on the liquid hydrogen corridor collaboration on COP28 through an agreement with the Port of Amsterdam, Ecolog and EnBW.
The partnership has reached a key milestone, completing a joint study that confirms the feasibility of specialized vessels and advanced infrastructure for liquid hydrogen exports.
Eng. Abdulaziz Said Al Shidhani, Managing Director of Hydrom, added their insights, reported by Zawya, “Hydrom’s inaugural gH2 Investor Day has been a powerful demonstration of global interest and trust in Oman’s green hydrogen vision. The insights shared and partnerships explored reflect not only the progress we’ve made but also the immense potential that lies ahead.
Their role at Hydrom is to turn this momentum into action, delivering tangible results through the third auction round and beyond while building a green hydrogen economy that benefits Oman and the world, added Eng. Abdulaziz Said Al Shidhan.
One of the takeaways of the Inaugural day is that Oman is not just advancing in the green hydrogen space but leading the charge with purpose and strategy, according to the reports by Zawya.