Norwegian power firm Equinor has scrapped plans to export hydrogen to Germany over fears of excessive prices and low demand, Reuters reviews.
The corporate had signed a memorandum of understanding with German utility RWE in January 2023 setting out plans to construct a hydrogen provide chain for German energy crops.
Equinor was to supply “blue” hydrogen from pure fuel and export it to hydrogen-ready fuel energy crops in Germany by the world’s first offshore hydrogen pipeline.
The purpose was to switch Germany’s coal-fired energy stations.
The businesses envisaged collectively proudly owning the facility crops. They’d initially be fuelled with pure fuel, however would transfer to hydrogen as provide and expertise grew to become obtainable.
Greater than 95% of the carbon dioxide produced when fuel is became hydrogen would have been captured and saved below the seabed.
A spokesperson for Equinor instructed Reuters: “The hydrogen pipeline hasn’t proved to be viable. That additionally implies that hydrogen manufacturing plans are additionally put apart.”
Final yr, Equinor’s chief government Anders Opedal mentioned the price of the entire provide chain may run into “tens of billion euros”, and that the pipeline alone would price some €3bn.
Equinor determined it couldn’t proceed except it had assured gross sales and concluded that the marketplace for hydrogen was not able to assist such an formidable scheme.
Plans to develop “hydrogen-ready” fuel crops will go forward, however the hydrogen for them is not going to come from Norway.
RWE mentioned the crops may go surfing after 2030 if the German authorities offered adequate subsidies.
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Additional studying
- Equinor, RWE to construct hydrogen energy stations for Germany
- German, Belgian companies plan 400km hydrogen pipeline in North Sea
- Sweco advises on new pipelines for inexperienced hydrogen in Belgium
The submit Norway’s Equinor scraps plans to energy Germany with hydrogen appeared first on International Building Evaluation.