NortH2 is currently developing the largest green hydrogen project in Europe, aimed at large-scale production of green hydrogen by farming wind at sea. To support a final investment decision in 2024, Deloitte is carrying out a comprehensive feasibility study that will lay the foundations for a truly viable green hydrogen economy. We want and need to make this happen.
Hydrogen will be vital to decarbonizing the global energy system and reaching international climate targets. It will play a key role in replacing fossil fuels in the steel, chemical and building materials (cement and concrete) industries. To make our civilisation climate-neutral by 2050, all sectors of society will have a role to play.
It is likely that hydrogen will always be more expensive than fossil fuels and therefore will need policy incentives to be competitive (e.g. subsidies or carbon taxes). We are confident that such and other hurdles can be overcome. They have to. The success of NortH2 will contribute greatly to reducing the carbon-footprint of Dutch, German and Belgian societies. And to the global catalogue of best practices in clean energy production. These are the sunlit uplands we are bound for.