1 | Offshore wind: Scaling up near-term production of hydrogen. | 11 February 2019 | Classification: PUBLIC© 2016 MHI Vestas Offshore Wind A/S

PHILIPPE KAVAFYANCEO

Offshore wind: Scaling up near-term production of hydrogen.

2 | Offshore wind: Scaling up near-term production of hydrogen. | 11 February 2019 | Classification: PUBLIC

© 2016 MHI Vestas Offshore Wind A/S

Offshore wind – a flexible and multi-purpose energy source.

Prov

isio

ns o

f hea

t, co

ldan

d op

erat

ing

pow

erIndirect use of excess power

Direct use of power

CH4

H2

Electrolysis

Methanation

H2

3 | Offshore wind: Scaling up near-term production of hydrogen. | 11 February 2019 | Classification: PUBLIC© 2016 MHI Vestas Offshore Wind A/S

Green hydrogen - stabilising the power market.

SPOT PRICE (€/MWH)

Price

Wind/MW

POWER CURTAILMENT (MWH)

Hour

MW

More wind

H2Hydrogen as a stabiliserLower prices

4 | Offshore wind: Scaling up near-term production of hydrogen. | 11 February 2019 | Classification: PUBLIC© 2016 MHI Vestas Offshore Wind A/S

LCoE spectrum.

0.0

5.0

10.0

15.0

20.0

25.0

30.0

200 400 600 800 1000 1200 1400 1600 1800 2000 2200

€

Hours

LCOE H2 electrolysis (€/kg)

0.0

2.0

4.0

6.0

8.0

10.0

12.0

1000 2000 3000 4000 5000 6000 7000 8000

€

Hours

LCOE H2 electrolysis (€/kg)

Low capex High capex

5 | Offshore wind: Scaling up near-term production of hydrogen. | 11 February 2019 | Classification: PUBLIC© 2016 MHI Vestas Offshore Wind A/S

PHILIPPE KAVAFYANCEO

Let’s move the horizon.