The national green hydrogen production objectives should be more than doubled, according to the Dutch ruling parties VVD and D66, which would provide significant potential for green hydrogen producers and their suppliers.
A target of 4 gigawatts of power from green hydrogen generation by 2030 was established by the Dutch Climate Agreement in 2019. Now they want this increased to 8 gigawatts. Due to rising energy costs, the closure of the Groningen gas fields, and a desire to cease importing Russian gas, this has happened.
In the Coalition Agreement for 2022, the Dutch government allocated €15 million ($15 million) towards the switch to renewable energy. The two parties agree that government subsidies should be made initially available to businesses in order to promote the production and use of green hydrogen, with the hope that the industry would ultimately become viable for private businesses. In their ideal world, heavy industry and the transportation industry, including inland shipping, would be the first to employ sustainable fuel. They also see the necessity for imported green hydrogen. The Netherlands, according to VVD and D66, is ideally suited for a switch to green hydrogen because of its extensive potential for producing wind energy in the North Sea and its existing gas infrastructure.
Growth in the consumption and production of green energy in the Netherlands presents several potentials for U.S. producers of green hydrogen generated in the United States as well as providers of technology, equipment, and experience for offshore wind energy production.