I-REC Standard Foundation & Avance Labs unveil the I-REC(HX)
Nov 7, 2023
For the I-REC Foundation-Avance Hydrogen Product Code Press release, visit here.
Amsterdam, The Netherlands and Abu Dhabi, United Arab Emirates
The I-REC Standard Foundation and Avance Labs are proud to announce the release of the I-REC for Hydrogen and Hydrogen Derivatives Product Code – the I-REC(HX) Product Code. The release and subsequent consultation come ten productive months after the initial MoU (Memorandum of Understanding) signed by Avance and the I-REC Standard.
Hydrogen is expected to complement renewable electricity and play an integral role in the world’s transition towards a cleaner and more secure energy future. With the scale-up of hydrogen use and applications, hydrogen investments around the world will see a significant and steady increase. Avance’s I-REC(HX) Product Code, and its adherence to the I-REC Standard’s International Attribute Tracking Standard, ensures there are the necessary checks and balances in the governance structure to ensure Avance is an independent market facilitator and a neutral and fair market facilitation body.