Equinor & RWE have agreed on a strategic energy partnership between their companies. The agreement includes large scale projects that will contribute to the European energy supply as well as to the ramp-up of the hydrogen economy in Germany and the EU. In addition, the partnership will strengthen the long-term security of supply of a decarbonised European power sector. The investments are contingent on the construction of a hydrogen pipeline between Norway and Germany and a German hydrogen downstream infrastructure. In anticipation of this infrastructure, Equinor and RWE propose a series of investments that would be major building blocks for European hydrogen supply and its utilization in the power sector from 2030 onwards.Equinor has the ambition to invest in clean hydrogen to Europe projects with an initial 2 gigawatt (GW) of low-carbon (blue) hydrogen production capacity in Norway by 2030 and up to 10 gigawatts by 2038. These facilities are to feed into a pipeline to Germany, which is currently being assessed by Gassco, Equinor and third parties. Provided this pipeline is in place, Equinor will transport the blue hydrogen, which RWE will purchase and use in hydrogen-ready gas plants. In addition to this, RWE and Equinor will collaborate in projects aimed at generating green hydrogen. Offshore wind energy is by far the most effective form of renewable power generation. Combined with electrolysers it will play an important role for the ramp-up of the hydrogen economy. In this context RWE and Equinor are planning to jointly explore possibilities for offshore production of renewable hydrogen in Norway, Germany and countries adjacent to the proposed hydrogen pipeline. Both companies are already engaged in developing AquaSector – a project in the North Sea aimed at creating a 300 MW offshore wind farm connected to offshore electrolysers that produce green hydrogen.RWE and Equinor also plan to jointly invest in flexible hydrogen-ready gas-fired power plants in Germany with a total capacity of 3 gigawatts by 2030. Hydrogen-ready gas-fired power plants are based on technology that is available at scale to balance the fluctuating electricity generated from renewables and electricity demand.
Equinor & RWE have agreed on a strategic energy partnership between their companies. The agreement includes large scale projects that will contribute to the European energy supply as well as to the ramp-up of the hydrogen economy in Germany and the EU. In addition, the partnership will strengthen the long-term security of supply of a decarbonised European power sector. The investments are contingent on the construction of a hydrogen pipeline between Norway and Germany and a German hydrogen downstream infrastructure. In anticipation of this infrastructure, Equinor and RWE propose a series of investments that would be major building blocks for European hydrogen supply and its utilization in the power sector from 2030 onwards.Equinor has the ambition to invest in clean hydrogen to Europe projects with an initial 2 gigawatt (GW) of low-carbon (blue) hydrogen production capacity in Norway by 2030 and up to 10 gigawatts by 2038. These facilities are to feed into a pipeline to Germany, which is currently being assessed by Gassco, Equinor and third parties. Provided this pipeline is in place, Equinor will transport the blue hydrogen, which RWE will purchase and use in hydrogen-ready gas plants. In addition to this, RWE and Equinor will collaborate in projects aimed at generating green hydrogen. Offshore wind energy is by far the most effective form of renewable power generation. Combined with electrolysers it will play an important role for the ramp-up of the hydrogen economy. In this context RWE and Equinor are planning to jointly explore possibilities for offshore production of renewable hydrogen in Norway, Germany and countries adjacent to the proposed hydrogen pipeline. Both companies are already engaged in developing AquaSector – a project in the North Sea aimed at creating a 300 MW offshore wind farm connected to offshore electrolysers that produce green hydrogen.RWE and Equinor also plan to jointly invest in flexible hydrogen-ready gas-fired power plants in Germany with a total capacity of 3 gigawatts by 2030. Hydrogen-ready gas-fired power plants are based on technology that is available at scale to balance the fluctuating electricity generated from renewables and electricity demand.
