Shell Plc has decided to proceed with building Europe’s largest plant producing hydrogen from renewable power as oil majors bet the fuel could be key to cutting carbon emissions. Holland Hydrogen I will include 200 megawatts of electrolyzers, powered by a wind farm off the coast of the Netherlands, according to a statement from Shell on Wednesday. That’s 10 times the size of the largest existing green hydrogen facility in Europe. Shell didn’t disclose the value of the investment.
(Source: Bloomberg, July 6-2022)