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Released August 15, 2023 | GALWAY, IRELAND
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Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Plans by the Netherlands to invest heavily in the emerging green hydrogen sector have been given the go-ahead by the European Commission (EC).
The country's government aims to spend 246 million euro (US$270 million) on renewable hydrogen projects with the goal of constructing "at least 60 megawatts (MW) of electrolysis capacity." In its decision, the EC stated that the scheme supports the development of renewable hydrogen in line with the objectives of the EU Hydrogen Strategy and the European Green Deal. It also supports the objectives of the REPowerEU Plan "to end dependence on Russian fossil fuels and fast forward the green transition."
The aid will be awarded through a competitive bidding process that will be concluded this year. Industrial Info is tracking 71 hydrogen-related projects in the Netherlands worth more than US$6.2 billion in investment. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can click here for the reports.
"This 246 euro million Dutch scheme is another example of how we work towards securing Europe's decarbonised future," commented Margrethe Vestager, Executive Vice-President in charge of competition policy for the Commission. "It will help with ramping up the production of renewable hydrogen and facilitate the greening of sectors that are otherwise difficult to decarbonise. The aid will support the most cost-effective projects. And this while minimizing possible distortions of competition."
The scheme is the first step toward the Netherlands' efforts to achieve 500 MW of electrolyser capacity by 2025 and 3-4 gigawatts (GW) by 2030. It will also go toward the European Union's (EU's) ambitions to install at least 6 GW of renewable hydrogen-based electrolysers and the production of up to 1 million tonnes of renewable hydrogen by 2024. Over the longer term, the EU aims to have at least 40 GW with a production target of up to 10 million tonnes of domestic renewable hydrogen in the EU by the end of the decade. The Netherlands expects that the aid will lead to the equivalent of around 55 kilotons of CO2 being avoided every year until 2030--contributing to its national targets of reducing greenhouse gas (GHG) emissions by 55% by 2030 and to achieve climate neutrality by 2050, compared to 1990 levels.
Two of the largest projects, worth more than US$1.3 billion, are being led by Shell Plc (NYSE:SHEL) (London, England). At the Port of Rotterdam, the company's Holland Hydrogen I project aims to be Europe's largest renewable hydrogen plant once operational in 2025. It will boast a 200-MW electrolyser that will be located on the Tweede Maasvlakte area of the port and will produce up to 60,000 kilograms of renewable hydrogen per day. The plant will be powered by the 759-MW Hollandse Kust North offshore windfarm. thyssenkrupp nucera, the hydrogen spin-off company from Germany's Thyssenkrupp (Essen) will supply its 20-MW scalum electrolysis alkaline water electrolysis (AWE) modules.
On a grander scale is the NortH2 green hydrogen plan it is working on with a consortium of partners at the Eemshaven port and industrial region in Groningen in the north of the country. It aims to build 4 GW of electrolysers, all powered by offshore windfarms, with the capacity to produce and store 681,540 cubic feet per day of green hydrogen.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
The country's government aims to spend 246 million euro (US$270 million) on renewable hydrogen projects with the goal of constructing "at least 60 megawatts (MW) of electrolysis capacity." In its decision, the EC stated that the scheme supports the development of renewable hydrogen in line with the objectives of the EU Hydrogen Strategy and the European Green Deal. It also supports the objectives of the REPowerEU Plan "to end dependence on Russian fossil fuels and fast forward the green transition."
The aid will be awarded through a competitive bidding process that will be concluded this year. Industrial Info is tracking 71 hydrogen-related projects in the Netherlands worth more than US$6.2 billion in investment. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can click here for the reports.
"This 246 euro million Dutch scheme is another example of how we work towards securing Europe's decarbonised future," commented Margrethe Vestager, Executive Vice-President in charge of competition policy for the Commission. "It will help with ramping up the production of renewable hydrogen and facilitate the greening of sectors that are otherwise difficult to decarbonise. The aid will support the most cost-effective projects. And this while minimizing possible distortions of competition."
The scheme is the first step toward the Netherlands' efforts to achieve 500 MW of electrolyser capacity by 2025 and 3-4 gigawatts (GW) by 2030. It will also go toward the European Union's (EU's) ambitions to install at least 6 GW of renewable hydrogen-based electrolysers and the production of up to 1 million tonnes of renewable hydrogen by 2024. Over the longer term, the EU aims to have at least 40 GW with a production target of up to 10 million tonnes of domestic renewable hydrogen in the EU by the end of the decade. The Netherlands expects that the aid will lead to the equivalent of around 55 kilotons of CO2 being avoided every year until 2030--contributing to its national targets of reducing greenhouse gas (GHG) emissions by 55% by 2030 and to achieve climate neutrality by 2050, compared to 1990 levels.
Two of the largest projects, worth more than US$1.3 billion, are being led by Shell Plc (NYSE:SHEL) (London, England). At the Port of Rotterdam, the company's Holland Hydrogen I project aims to be Europe's largest renewable hydrogen plant once operational in 2025. It will boast a 200-MW electrolyser that will be located on the Tweede Maasvlakte area of the port and will produce up to 60,000 kilograms of renewable hydrogen per day. The plant will be powered by the 759-MW Hollandse Kust North offshore windfarm. thyssenkrupp nucera, the hydrogen spin-off company from Germany's Thyssenkrupp (Essen) will supply its 20-MW scalum electrolysis alkaline water electrolysis (AWE) modules.
On a grander scale is the NortH2 green hydrogen plan it is working on with a consortium of partners at the Eemshaven port and industrial region in Groningen in the north of the country. It aims to build 4 GW of electrolysers, all powered by offshore windfarms, with the capacity to produce and store 681,540 cubic feet per day of green hydrogen.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
