kickstarting the green hydrogen economy
WHY NORTH2?
• Paris Agreement: reducing carbon emissions to reduce global warming < 1.5˚C
• EU goal of reaching climate neutrality by 2050 & 40 GW of electrolyzers by 2030
• We need to start today! To scale up and achieve cost reduction of green hydrogen
• NortH2 is designed to kickstart large-scale development of green hydrogen in Northwest Europe
OFFSHORE ELECTROLYSISNortH2 views on increasing installed capacity towards 2040
Further LCOH reduction due to:
• Scale up & learning curve effects –> More mature supply chains
• Offshore H2 production –> Lower offshore infrastructure cost
First order estimates indicate that after 2030:
• LCOH dependent on “offshore factor”; cost
increase from moving components offshore
• Break-even distance onshore vs offshore H2
production ranges between 100-250 km
Beyond
2030
Towards
2030
THE NORTH OF THE NETHERLANDS AS THE PERFECT INCUBATORThe North of the Netherlands is uniquely positioned for the development of the green hydrogen value chain
Security of supply can be
assured from the start,
which is key for consumers
to switch from a fossil basis
to green hydrogen.
Proximity to resources Transport & Storage
Capacity
Access to knowledge,
suppliers & markets
PRE-FEASIBILITY INSIGHTSThe NortH2 approach has potential to meet its ambitions, based on the outcomes of the pre-feasibility study
Technically feasible
• Wind farm developments, green hydrogen and infrastructure can be realized in the envisioned time frame
Market
• Future market for feedstock with only H2 demand
• Large future market for conversion of industrial heating (direct and indirect) from natural gas to hydrogen
Large program -> potential to reduce costs
• Main cost components in windfarms, power infrastructure and electrolysis;
• Programmatic approach to lower component costs and allow optimization over the value chain
• Commercial optimization will enable further reduction of the LCOH
SCOPE CURRENT FEASIBILITY STUDY
➢ Demonstrate realistic and balanced implementation of
green H2 for targeted market segments
➢ Establish line of sight to a technically feasible
and investible business case
Cross-border
Partnership
Governments
CustomersDevelopers
Advocacy
Technical Market Development
Business Case
➢ Validate at lowest cost to society
KEY POLICY ASKS TO CLOSE THE GAP
Policies required to realize NortH2 ambitions:
Robust commercial, financial and policy
frameworks for development of
hydrogen supply and demand
Reimbursement of offshore
transport infrastructure costs
to create a level playing field
Dedicated offshore-wind-for-
hydrogen development of 4 GW
in 2030 and 10 GW in 2040
Policies enabling green hydrogen
purchases at competitive cost, e.g.
Contract-for-Differences
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QUESTIONS& ANSWERS
www.north2.eu
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