Neptune Energy Applauds The Approval Of A subsidy For An Offshore Green Hydrogen Pilot Project

The Netherlands Enterprise Agency (RVO) announced today that the PosHYdon project, the world's first offshore green hydrogen pilot on a functional platform, will get a subsidy.

The RVO's Demonstration Energy and Climate Innovation (DEI+) scheme, which encourages financing submissions for renewable energy developments, including hydrogen pilots, awarded the subsidy.

PosHYdon seeks to evaluate the integration of offshore wind, offshore gas, and offshore hydrogen in the Dutch North Sea and will be housed on the Neptune Energy-operated Q13a-A platform. On the Q13a-A platform, a green hydrogen-producing plant will be installed. The plant will use electrolysis to turn seawater into demineralized water, which will then be combined with natural gas and brought to shore via an existing pipeline.

Lex de Groot Neptune Energy's Managing Director for the Netherlands said, "We welcome the award of this subsidy and look forward to progressing with this exciting project on our Q13a-A platform. PosHYdon will provide the insights necessary to develop large-scale green hydrogen production at sea.

"The Dutch North Sea sector has an exciting future as a 'new energy hub' and can play a leading role in large-scale green hydrogen production for northwestern Europe, given its infrastructure that connects offshore with onshore. The integration of energy systems supports net-zero goals in a smart, efficient, and cost-effective manner and without disturbing existing sea ecosystems.

"The extensive infrastructure network is connected to international grids and can easily accommodate wind farms further out at sea by converting the production of green electricity into green hydrogen and transporting it to the grid onshore. PosHYdon will be the key to making this happen, and we are excited to consider future opportunities that the pilot can help unlock."

Neptune Energy and partners with expertise in offshore wind, green electricity generation, and hydrogen mobility will create the new PosHYdon partnership on July 22, 2021.

Neptune Energy (50 percent owner), EBN B.V. (40 percent owner), and TAQA Offshore B.V. are the partners in the Q13a-A platform (10 percent ).

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