General – Hydrogen
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.
As Tempelman, CEO of Eneco explains: ”Eneco is striving to be climate neutral by 2035. In order to achieve this goal, in addition to large-scale electrification, we are going to invest in the production and supply of green hydrogen. Our participation in NortH2 is an important step, as this project gives us the opportunity to rapidly scale up the production of green hydrogen in the Netherlands in collaboration with our consortium partners.”
Eneco believes NortH2 will provide plenty of opportunities for making its production and supply to industrial customers more sustainable. NortH2 wants to make a substantial contribution to the Dutch and European climate goals through the rapid development of an integrated hydrogen chain that includes offshore wind energy and the production and storage of green hydrogen. The hydrogen will be produced for industrial sectors that are difficult to electrify, or for which hydrogen is a necessary raw material.
NortH2’s aim is to have up to 4GW of electrolysers and matching offshore wind capacity available by 2030. On a project base, this will reduce the use of natural gas by around 1.5 billion cubic meters per year. Depending on the application, green hydrogen will lower CO2 emissions by some 2.9 to 3.6 megaton annually. NortH2 will continue to grow towards the production of 1 million ton of green hydrogen per year by 2040.
Eneco is joining the NortH2 consortium of Equinor, RWE, Shell, and Gasunie as an investment partner.