The Netherlands Enterprise Agency (RVO) has granted RWE a funding of €551 MM for its 100-megawatt (nominal installed capacity) electrolysis project near the Magnum Power Station in Eemshaven in the north of the country. This has been awarded as part of the Sustainable Energy Production and Climate Transition Incentive Scheme (SDE++) run by the Dutch government.

Sopna Sury, Chief Operating Officer for Hydrogen at RWE Generation, said, “It is fantastic to have secured government funding so soon after also obtaining the necessary permits. Both milestones are critical steps towards realizing of the OranjeWind electrolyzer project. Once operational, it will help advance the decarbonization of industry in the Netherlands.”

RWE plans to power the electrolyzer with green electricity generated by the OranjeWind offshore windfarm, which the company is currently building together with its joint venture partner TotalEnergies. Last October, the OranjeWind electrolyzer project received approval for construction and environmental permits.

The next project phases include Front End Engineering and Design, identification of construction partners and secure offtake before a financial investment decision for the OranjeWind electrolyzer can be taken.