Clifford Chance is advising on the launch of "HyDeal North America", a consultation platform established by the Green Hydrogen Coalition with the aim to build scaled supply chains that deliver green hydrogen at US$1.50/kg by 2030. The initiative will activate with "HyDeal LA" in Southern California, to help the city hit its climate targets, reduce air pollution and repurpose jobs and infrastructure. At inception, HyDeal LA will be led by Los Angeles Department of Power & Water, 174 Power Global, Mitsubishi Power, and SoCalGas.
As part of the Contracts, Funding and Policy & Regulatory workstreams, the firm is working alongside Sheppard Mullin, one of California's largest law firms, acting for the Green Hydrogen Coalition on the formation and operation of a full value chain consultation platform involving many of the leading hydrogen stakeholders to identify the technical, commercial and legal principles to underlie the project and, the structuring of the upstream, financing and commercial and legal arrangements for the production, transport and sale of clean hydrogen.
David Evans, the Clifford Chance lead on the project says, "Following the successful launch of HyDeal Ambition in Europe, we are delighted to be able to assemble our Clean Hydrogen Taskforce to help Los Angeles become a global leader in deep decarbonization with green hydrogen. This is a landmark moment for energy in North America and an exciting time for the Green Hydrogen Coalition."
The Clifford Chance team includes David Evans (Senior Counsel and head of the firm's US clean energy practice, Anthony Giustini (Partner and head of the firm's Clean Hydrogen Task Force), Peter Hughes (Counsel) and Daniel Justus (Associate).
This initiative follows the successful launch of the European "HyDeal Ambition" in February in which participants envisaged the production and delivery of 3.6 million tons of green hydrogen per year in Europe for the energy, industry, and mobility sectors at €1.5/kg by 2030.