The Dutch Government announced that seven electrolyser projects in the Netherlands for producing renewable hydrogen have received subsidies totalling €783.5 million.
The second wave of significant projects of common European interest (IPCEI) hydrogen funded the seven projects, which have a combined capacity of 1.15 GW.
Seven projects total, three of which are in Rotterdam got the subsidy. Orsted Hydrogen Netherlands Holding, Rotterdam Hydrogen Company, H2ermes, Air Liquide Industrie, HyCC/H2-Fifty, and Engie Energie Nederland are the firms engaged.
According to the Dutch government, the 1.15 GW of electrolysis capacity exceeded the country’s 2030 climate agreement objective by more than 25%. According to the National Climate Agreement, electrolysis in the Netherlands will be expanded to have an installed capacity of roughly 500MW by 2025 and 3–4 GW by 2030.
Due to their importance to the Dutch Hydrogen Strategy, offshore wind turbines are most likely to supply the electricity generated for the electrolysers. ICIS data show that the breakeven price for hydrogen produced under a 10-year Power Purchase Agreement (PPA) beginning in 2025 is €4.75/kg.
In order to meet its climate goals, the Dutch government has also stated that it will look to import hydrogen into the Port of Rotterdam. To that end, a number of Memorandums of Understanding (MoUs) have already been signed with numerous nations in various worldwide regions.