Oil company joins feasibility study that could lead to development gigawatts of Dutch offshore wind power exclusively for the production of green hydrogen.
The Shell oil company has started work on what would be the world’s largest green hydrogen project.
Plans call for installing 3-4 gigawatts of offshore wind capacity in the North Sea by 2030, exclusively for the production of green hydrogen. The electrolysers will be based in Eemshaven, along the north coast of the Netherlands, and potentially also at sea.
The project could be extended to 10 gigawatts offshore wind energy by 2040, dedicated to the production of green hydrogen.
Shell Netherlands, the Dutch operator of the gas network Gasunie and the port of Groningen are the founding partners of the NortH2 Project, and the trio are looking for other people to join the consortium during the one-year feasibility study. They hope to develop a “European Hydrogen Valley” group.
Gasunie will develop the network infrastructure necessary for the storage and distribution of hydrogen.
This project offers opportunities across the entire hydrogen chain. To carry out this project, we will need several partners. Together, we will have to be pioneers and innovate to bring together all the available knowledge and skills that are needed. The energy transition requires courage, daring and action.
Marjan van Loon, CEO of Shell Holland.
The Netherlands has a target of 11.5 gigawatts by 2030. If the NortH2 plan is realized, more than a third of this capacity should be outsourced exclusively for the production of green hydrogen.
NortH2 partners anticipate that the initial phases of the project may require European and national grants available for energy decarbonization.
By 2040, NortH2 could produce 800,000 tonnes of green hydrogen, with a carbon tax savings of € 1 billion in 2040, even if the carbon tax rate remains unchanged from 2030.