<b>Bijsluiter</b>. De hyperlink naar het originele document werkt niet meer. Daarom laat Woogle de tekst zien die in dat document stond. Deze tekst kan vreemde foutieve woorden of zinnen bevatten en de opmaak kan verdwenen of veranderd zijn. Dit komt door het zwartlakken van vertrouwelijke informatie of doordat de tekst niet digitaal beschikbaar was en dus ingescand en vervolgens via OCR weer ingelezen is. Voor het originele document, neem contact op met de Woo-contactpersoon van het bestuursorgaan.<br><br>====================================================================== Pagina 1 ======================================================================

<pre>13963351
     NortH,
      Plenary Meeting W/MEAC -
                               September 7, 2020
     NortH-
                                                 1100
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<pre>13963351
     What's NortH2 all about?
     Large, Green, Fast, Integrated
     Drivers    —
                  working   back from 2050
     ®
         Hydrogen    is an essential  part of the future energy mix     —
                                                                          EU: 13-14%                                    Common     Objective
                                                                                                                    Meeting  the Paris targets and
     m
         Upscaling   and acceleration of the green     hydrogen    value chain is  required
                                                                                                                 timeframe to decarbonize sectors at
         m   Paris time frame &   targets / reduce   costs / underwrite the backbone                                  the lowest cost to society
     m
         Opportunity
         m
             Leveraging Strategic    location / Centre Green    Hydrogen     Production
                                                                                                                           Governments
     Vision: NortH2 kickstarts the desired       upscaling  and acceleration and establishes      a platform
     for  exponential growth    of the NW    European   H2 market
     Bm
         @2030:    backbone / nascent green H2 market        / first large-scale  green H2 usage in   industry
         / long-term predictable hydrogen policy      framework     driving change  from fossil to green H2                 Cross-border
         and           related innovation                                                                                    Partnership
              driving                       (production, usage,    transport storage)
     Hm
         @2040:    offshore clean H2    production system mature, rapid expansion
                                                                                                               Developers                   Customers
     Teamwork is      required   to establish   pathways    to green    hydrogen
     m   Credible, transparent business      case  in open  dialogue   with Governments and customers
     m
         Changeover     to Green   hydrogen   driven and facilitated   by targeted government policies,
     Notiregulations   and subsidies   ... and accepted by    customers
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<pre>13963351
     Initial      Design            Characteristics
     Feasibility study assumptions              for the first 4 GW to be installed            by  2030
                                  »    Base    case  for wind farm moved from South to North of Gemini
                                  »    1 GW per year to be realized in the           period  2027-2030
                                  »    12 MW turbines for the first 2GW and 15 MW turbines for the second 2GW
                                  »    Dedicated offshore power infrastructure to Eemshaven
                                       Electrolyser    located in Eemshaven in 50 to 100 MW modules
       Electrolyser
                                  »    Alkaline Water     Electrolysis
                                  »    For the Hz transmission backbone            currently                 regime     between 50 and 30 bar is defined
       Compression                                                                            a pressure
       Transmission               »    Cost of transmission        expressed    in a  hydrogen transportation        tariff
                                  »    4 Salt             with     total  storage capacity of
       Ye] glo [=                               caverns          a
                                  »    Initially targeting   industrial   segments such      as high grade      heat and feedstock without carbon           requirement
     Nery:         !
                     Offshore spatial considerations may result in the use of HVDC offshore power infrastructure. This will impact the economics of NortH2.
                                                                                                                                                                        1102
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<pre>13963351
     Value Chain Investment                                           —
                                                                             partially optimized                                     —
                                                                                                                                         Status Phase 1A
     NortH-> Investment in Billion Euro                      —
                                                                Phase |
                                                                                                                                                   Investment in the wind farm              (4 GW) is by far the
             Wind Farn
                                                                                                                                                   largest required investment)
                                                                                                                                                   Infrastructure to evacuate wind power from North of
            Power Infra
                                                                                                                                                   Gemini to shore accounts for               significant CAPEX
                                                                              (10)(1c)                                                             The    required    investment in the onshore             electrolyser is
             Electrolyse
                                                                                                                                                   approximately @Billion Euro
                                                                                                                                                   Gasunie estimates          an   investment of jaglbillion for the
                                                                                                                                                   Hs, backbone. This CAPEX is outside NortH-.
                                                                                                                                                   4 Salt Caverns        are   required     to provide storage     for a
                Storage
                                                                                                                                                   total investment of B&Imillion
                   Billion Euro
                1
                                                                   (10)(1c)
                2.
     NortH-     3.  Including onshore cable(s) and compression of hydrogen before it enters the backbone
                4   Total capacity of the hydrogen backbone will be shared with other hydrogen projects as well, e.g. blue hydrogen production in other industry clusters. To distribute the costs of the backbone
                    fairy among these different projects, a capacity tariff for hydrogen transportation is charged to the project as an OPEX.
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<pre>13963351
      Programmatic approach                        for 4GW E2E value chain to reduce LCOH2
     The     programmatic approach is a long-term and strategic   umbrella program of interlinked projects and components along the
     H2     value chain that aim at achieving large-scale impacts based on strategic partnerships.
                        4GW Scale   (rather than 4 x 1GW):
                         Integrated program:
     NortH,                                                                                                                        5
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<pre>13963351
     Commercial                       optimization
     A   electricity grid connection allows for commercial optimization of green hydrogen production by buying                                                         or selling  additional
     green electricity, thereby optimizing the load hours of the electrolyser.
                             LCOH2 reduction of                          IRE
                                                                                    through:
                               »    A    1     GW connection,                    to   support        the       network and                without additional      grid
                                    extensions.
                               »    Buying        from the        grid      if green    electricity        and     electrolyser capacity            available.            (10)(1c)
                               »    Selling       to the     grid     if the    electricity price           is  high.
                             Considerations:
                              »    The combination of available                            electrolyser capacity                      and    supply  of
                                   green        electricity (PV) currently                 limits     a  further reduction in LCOH2.
                                                                                                                   range rather than the B&8
                                            »     An LCOH2 reduction in the                            ESSERE
                                                                                                                                                             €/kg
                                                  iE
                                                          range could be achieved moving beyond Solar Power
                                                  from NL                                                                                                    LCOH
                              »    The      impact of the operating strategy and scale of NortH2 on the
                                   electricity market price is not yet known
                              »    Beneficial support of the electricity system by balancing (not
                                   quantified)
                    *
                                                                                                                                                                                              6
     NortH:           Calculations based  on  hourly forecasted electricity prices (PLEXOS with availability of green electricity in 2030-2045)
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<pre>13963351
     Optimized Green LCOH2                                              for NortH2 4GW                                Program by                          2030
     Programmatic approach                   and value chain             optimization           can     reduce green LCOH2 from                                             QOS
             Based    on  the  capital expenditures (CAPEX), operational expenditures (OPEX), lifetimes of the individual assets   and efficiencies, the integral cost to produce, transport, store, and
             deliver  a  unit of hydrogen (kgH2) is calculated. This cost is expressed as the levelized cost of hydrogen (LCOH).   The LCOH is the ratio between the discounted     outgoing cash flows
             over  the  lifetime divided by the discounted sum of the actual energy delivered.
             The LCOH shown in the        graph below are in real terms and on an after-tax basis. As such, the LCOH  allows for a comparison  with present-day prices   of competing commodities    (e.g.
             electricity, blue  hydrogen, natural gas and carbon capture and storage). @PBL economic criteria
     NortH-
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<pre>13963351
     Conclusions         Feasibility             Phase 1
     The NortH2 approach  has  potential   to meet its ambitions and     goals,   based   on  the outcomes of the      pre-feasibility study
                     Technical feasible
                       » Wind farm     developments,      green  hydrogen production       and infrastructure    can  be realized in the envisioned
                         time frame
                       » No  showstoppers,       but innovation and scale      required  to realize the ambitions
                     Large  technical market        potential
                      »  Potential   large   market for conversion of industrial      heating (direct   and  indirect)  from natural gas to   hydrogen
                      »  Potential market for H2      as  feedstock
                      »  Confirmed     by  first interviews with the market
                     Cost levels:
                      »  Main cost    components in windfarms, power infrastructure and electrolysis;.
     ~
                      »  A programmatic and integrated approach can result in significant cost reductions
                      »  Remaining value gap with fossil + carbon price
                     High-level Scope Phase 2
                       » Confirm anticipated cost reductions from a 4 GW programme (bottom-up approach)
                       » Broadening consortium base (investors and supporters)
                       » Market development in cooperation with customers and governments
                       » Dialogue with governments (NL / DE / EU) on key policy asks, e.g.
                         »   ldentification and award dedicated wind for H2 concession    (over and above current offshore wind road map)
                         »   Hydrogen    market  development policies (e.g. subsidies, mandates, sectoral approach)
                         »   Level playing field policy offshore power infrastructure (equal to current offshore wind for power generation policy)
                         »   Hydrogen backbone development and tariff structure for H2 market growth phase
     NortH-
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