Equinor joined the NortH2 project which targets to produce green hydrogen using renewable electricity from the offshore wind off the coast of the Netherlands.
The project was launched in February 2020. It will finalize a feasibility study by 2021, targeting to start project development activities in H2 2021. As new partners, Equinor and RWE join shell, Groningen Seaports Gasuine, and the province of Groningen. The project will have a capacity of 1 gigawatt (GW) by 2027, 4GW by 2030, and 10+GW by 2040 for electrolysis. This equates to 0.4 million tonnes (mmt) of green hydrogen production by 2030 and 1 mmt green hydrogen production by 2040. This will abate 8 to 10 million tonnes of CO2 emissions.
The project could supply major Northwest European clusters through the parallel development of the required hydrogen infrastructure by repurposing existing natural gas infrastructure.
Equinor CEO, Anders Opedal, stated that “this is a groundbreaking project that Equinor is looking forward to contribute to. The project can be an important part in our efforts to build a competitive position in hydrogen, creating future value and industrial possibilities. Our aim is to be a net-zero energy company by 2050 and developing a profitable low carbon value chain for hydrogen will be an essential part of our transition to become a broad energy company.”