Eneco is joining the green hydrogen consortium NortH2 as an investment partner. Green hydrogen is an important step in the implementation of Eneco's One Planet Plan, which is aiming at climate neutrality by 2035 for Eneco and its customers. Part of the plan is phasing out natural gas at customers and in electricity and heat production. Eneco plans to make further investments in green hydrogen, alongside NortH2. NortH2 will enable hydrogen to be made available on a large scale in the Netherlands in the future.NortH2’s aim is to have up to 4GW of electrolysers and matching offshore wind capacity available by 2030. NortH2 has recently completed the second phase of the feasibility study, which shows that an integrated approach — from offshore wind farms, production, storage and distribution to ultimately the use of the green hydrogen — is technically and economically feasible. One other requirement is for the government to create the right policy framework.During the current study phase, NortH2 consists of Shell, Equinor, RWE and Gasunie with Groningen Seaports as support partners and is now joined by Eneco. Shell, Equinor, RWE and Eneco, with the support of Groningen Seaports, intend to continue to work together after the study phase and jointly produce a large-scale supply of green hydrogen for industry.It has also been announced today that NortH2 has entered into a collaboration agreement with OCI N.V. for the integrated development of 1GW of green ammonia and green methanol value chains based on green hydrogen supplied by NortH2.The NortH2 partners are prepared to make significant investments. For Eneco this involves hundreds of millions of euros. In order to be able to take a concrete investment decision and to achieve the Dutch and European climate and hydrogen targets for 2030, a number of important policy conditions must be met in the short term:
Eneco is joining the green hydrogen consortium NortH2 as an investment partner. Green hydrogen is an important step in the implementation of Eneco's One Planet Plan, which is aiming at climate neutrality by 2035 for Eneco and its customers. Part of the plan is phasing out natural gas at customers and in electricity and heat production. Eneco plans to make further investments in green hydrogen, alongside NortH2. NortH2 will enable hydrogen to be made available on a large scale in the Netherlands in the future.NortH2’s aim is to have up to 4GW of electrolysers and matching offshore wind capacity available by 2030. NortH2 has recently completed the second phase of the feasibility study, which shows that an integrated approach — from offshore wind farms, production, storage and distribution to ultimately the use of the green hydrogen — is technically and economically feasible. One other requirement is for the government to create the right policy framework.During the current study phase, NortH2 consists of Shell, Equinor, RWE and Gasunie with Groningen Seaports as support partners and is now joined by Eneco. Shell, Equinor, RWE and Eneco, with the support of Groningen Seaports, intend to continue to work together after the study phase and jointly produce a large-scale supply of green hydrogen for industry.It has also been announced today that NortH2 has entered into a collaboration agreement with OCI N.V. for the integrated development of 1GW of green ammonia and green methanol value chains based on green hydrogen supplied by NortH2.The NortH2 partners are prepared to make significant investments. For Eneco this involves hundreds of millions of euros. In order to be able to take a concrete investment decision and to achieve the Dutch and European climate and hydrogen targets for 2030, a number of important policy conditions must be met in the short term:
