RWE will be backed with €124.9m ($133m) to advance its green hydrogen production project in Eemshaven, the Netherlands, as part of a wider €250m ($267m) funding round.
The planned 50MW electrolysis plant is expected to save more than 250,000 tonnes of CO2 once it comes online in 2027. RWE plans to make a financial investment decision (FID) by the end of 2024.
In addition to RWE, six other projects totalling 101MW of electrolysis capacity have been selected for funding in the first subsidy round by The Netherlands Agency Enterprise (RVO). H2 Hollandia, Hysolar, GroenGas’ assets in Amsterdam and Groningen, Van Kessel Olie and VoltH2 will share the remaining $134m.
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