Have I mentioned there is big money backing this stuff?*
From Marine Executive, December 8:
Norwegian oil major Equinor has joined an initiative spearheaded by Shell to build a massive green hydrogen manufacturing network in the Netherlands.
The Shell partnership known as NortH2 aims to produce green hydrogen using power from offshore wind farms off the coast of Netherlands. It will have an initial capacity of one gigawatt, reaching four gigawatts of capacity by 2030 and 10-plus gigawatts by 2040. This translates to about one million tonnes of green hydrogen production in 20 years' time.
In this initiative, Shell is joined by the province of Groningen, Groningen Seaports and - effective this week - Equinor and the utility company RWE. The partners will finish a feasibility study soon, and they intend to start project development work in the second half of 2021.
"Hydrogen will add to the competitiveness of renewables in the years to come, by adding value and an alternative route to market for renewables. The development of viable large-scale clean hydrogen value chains will help meet the Paris agreement targets," said Pål Eitrheim, executive vice president of new energy solutions at Equinor....
....MORE, including video
*Why yes, yes I have:
As we noted back in July, when CMA CGN joined the CEO-Led Hydrogen Council:
These are not the little guys.
The new co-chair is Takeshi Uchiyamada, Chairman of Toyota ($275 billion revenue).
He joins Benoît Potier Chair and CEO of Air Liquide ($26 billion revs.) who has been co-chair since 2017.
Because we we recycle here's the intro to August 5's "French Hydrogen Lobby Seeks $12 Billion in Aid to Boost Use", now used as an outro:
I hope long-suffering reader didn't think all our posting on hydrogen was for grins and giggles.
There is real money in play here, and using our low I.Q. approach to investing, the thing to do is identify a waterfall of money, go sit next to it, and savor the refreshing splashes that come your way....
In June Germany adopted a €9 billion hydrogen plan, with Energy and Economy Minister Peter Altmaier at the time saying, "We want to be No. 1." The plan set a goal of building 5 gigawatts of electrolyzer capacity by 2030.
