Green hydrogen, produced from renewable electricity through electrolysis, is expected to play a key role1 in the decarbonization of the economy. It is a new commodity, with an immature and illiquid market that is only taking shape, characterized by small but growing production volumes, new production technologies, i.e. large-scale electrolyzers, and a new demand driver – decarbonization regulations – that all combined entail a multitude of unprecedented risks and uncertain