RWE and Equinor Forge Strategic Alliance to Bring Green Hydrogen from Norway to Germany
RWE and Equinor have formed a strategic alliance to bring hydrogen from Norway to Germany. It is a multi-billion dollar project that is planned to become green in several years. The energy companies are planning to construct facilities and power plants along the world’s first pipeline of this kind. This would allow Germany to reduce its dependence on coal-fired power plants, thereby decreasing its CO2 emissions. The project will involve multiple years of investments and regulatory approvals, with the pipeline expected to be operational by 2030. Initially, it will transport blue hydrogen from natural gas, with the resulting CO2 being captured and stored in Norway’s soil using CCS technology. Over time, the pipeline will also transport increasing amounts of green hydrogen produced through electrolysis with renewable energy sources. The entire supply chain could cost billions of euros, with the pipeline alone estimated at 3 billion euros and capable of transporting 4 million tons of hydrogen per year.
Hydrogen: The Most Abundant Element
Hydrogen is the most abundant element in the universe, making up about 75% of all baryonic matter. Hydrogen has been known since antiquity, but was first identified as an element by Henry Cavendish in 1766. It is a colorless, odorless, and tasteless gas at standard temperature and pressure. When combined with oxygen, it forms water, which is essential for life on Earth. In industry, hydrogen is used to produce ammonia, methanol, and other chemicals. It is also used as a fuel in rockets and some forms of transportation such as fuel cells.You might also like this article: AgTech startup investor from Singapore: BEENEXT. Picture source: Richard Horvath