Wednesday, 09 December 2020
December 7, 2020 - Norwegian energy giant Equinor is now onboard with Europe's largest green hydrogen project, which aims to have around 20 GW annual hydrogen capacity by 2050.
The hydrogen will be produced primary by renewable wind energy from wind farms off the coast of the Netherlands, with more than 10 GW of wind capacity in North Sea expected to be operational by 2040.
The project falls within Equinor's aim to be a net-zero emissions company by 2050, as well as a diverse energy provider. Anders Opedal, Equinor CEO said: "Hydrogen will be key to decarbonization and net zero efforts for the energy market, especially in otherwise hard to abate sectors which cannot be served by electricity".
The NortH2 project was launched in February 2020, with Dutch companies Shell and Gasunie pioneering the effort. German multinational RWE, and now Equinor, have since joined as new partners to the project.
Green hydrogen production is expected to reach 1 million tonnes by 2040, which should amount to the abatement of around 9 million tonnes of CO2, which is similar to current yearly road vehicle emissions in Norway.
Equinor sees the NortH2 project complimenting their involvement in Dogger Bank, Northern Lights and H2H Saltend - low-carbon projects situated around the North Sea and Norway.