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INDUSTRY COMMENT
via a subterranean infrastructure and stored underground ready for utilisation. Green hydrogen will be electrically generated off shore through wind power and transported across high voltage cables into storage ready for deployment. Within the Netherlands hydrogen strategy, the results from seven energy scenarios conducted by Berenschot, an independent Dutch consultancy firm are included. These results indicate at least 30% rising to 50% of Dutch energy consumption will be supplied via greener gasses by 2050.
As of April 2021, the Netherlands allocated €338 million towards green hydrogen projects. This financial assistance is part of a €20 billion fund provided by the Dutch government to strengthen its post- Covid economy.
The financial package aims to stimulate green hydrogen production and to further diversify hydrogen’s versatility. Distribution of funding will be over five years. Modifying infrastructure is an area the Dutch government is keen to accelerate progress. This is seen in the announcement of an additional €3.7 billion meant for infrastructural spending and a number of research projects. (Reuters April 2021.) Accumulation of positive data, release of funds, and German interest has encouraged the Netherlands government to commit towards hydrogen in becoming a sustainable and affordable national fuel source.
In the current political and financial climate Germany is the lead European nation whilst the Netherlands maintains
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Europe’s largest and most active port. Each country is adapting infrastructure, constructing distribution hubs and introducing incentivised legislation favouring hydrogen manufactures; Germany and the Netherlands appear to have embraced hydrogen’s potential. Any significant movement into hydrogen manufacturing by influential European countries and institutions that perform a global role in financial logistics could be regarded as a potential precursor to similar UK governmental announcements.
SOURCES
• Reuters. Dutch earmark 400 million for hydrogen development. 9th April 2021.
• Watson Farley & Williams, The Italian Hydrogen Strategy, 14th April 2021.
• REUTERS: Italy drafts guidelines for national hydrogen strategy. 16th Nov 2020.
• ENI. COM. 2 Dec 2020. Italy. Rinnai’s Sensei N Series is ‘hydrogen blend’ ready
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