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<pre>13963381
         Draft version for discussion                                                                                   1 October 2020
         NortH2 Narrative
         The  case for upscaling and acceleration of            green   hydrogen
             e
                  Hydrogen plays       a key role   in net-zero energy mix
                      o    13-14% of       primary   energy demand will be clean           hydrogen       in 2050   (ref)
                                 =
                                       Hard to abate sectors in        industry (high temperature)
                                 =
                                       Heavy duty transport
                                 =
                                       Residential
                                 =
                                       Sector   coupling
             eo
                  Realising the    Paris timeline and the Dutch Climate Accord is               a   huge challenge, particularly
                  realising the system       change   for  hydrogen,     a new    energy carrier.
                      o    We have 30 years to         replace the fossil system         we  built    over  the last 100 years
                      o    Very little    is in place today
                                 =
                                       No   market,   no  transport,    no  production
             eo   No  regulation,     no policiesFollowing challenges         need to be addressed
                      o    Green      hydrogen production capacity needs             to be built from scratch
                                 =
                                       EU demand for       (ultimately green) hydrogen          translates into      required
                                       production capacity of hundreds of            GW of offshore wind          equivalents
                      o    Customers need to          change from fossil      to  (green) hydrogen
                                 =
                                       This will require    a huge change       in customer installation and processes
                      o    Green      hydrogen    is currently much more expensive than fossil                + carbon
                      o    Transportation        and  Storage capacity      needs to be built
                      o    Electrolyser production         &  technology
                                 =
                                       Global   industry supply capacity        is [2]  GW pa, much        more   is heeded to meet
                                       global   demand
                                 =
                                       Electrolyser technology        is at MW scale for      benign environments, requiring              a
                                       large   amount of space
                                 =
                                       Electrolyser Technology needs to be developed                   to take  electrolysis offshore
                                 =
                                       Electrolyser design needs to be scaled            up from MW to GW scale
                      o    Entirely    new    value chains need to be built, and all elements need to be                   developed
                           simultaneously, requiring orchestration
             e   This leads to     a  number of chicken and egg          problems determining           the slow    adoption    of green
                 hydrogen     to date:
                      o    There is     no  demand for green       hydrogen,      because it is too      expensive, but      green H2
                           won't become affordable until there is              significant   demand
                                 =
                                       (CO2 levies won't cut the difference
                      o    There is     no  transport, but    a  transport/    distribution network needs to be
                           underwritten when there            are  significant volumes to be transported
                      o    There     are no   supportive policies supporting the development of large-scale hydrogen
                           production /       usage, because of      a  lack of  insight  in what instruments         are   most
                           effective and will lead to the most cost-effective               implementation path           towards     large-
                           scale    production
             ¢
                  Upscaling   and acceleration of the         hydrogen     economy needs to start           today to    meet the Paris
                 timeline and volume targets.
             e   Such   large-scale acceleration and upscaling             can  only be achieved        in the short timeline
                 available,
                      o    if all parties collaborate      on an   unprecedented scale,          ....
                      0    ...on     orchestrating    the  development       of the    integrated hydrogen value chain            ...
                                                                                                                                             1108
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<pre>13963381
         Draft version for discussion                                                                              1 October 2020
                       o     ..
                                 through    a   concrete    project that will kick-start the development of the integrated
                            value chain       ...
                       0     ...
                                 delivering    to   launching   customers    embracing the change      to  hydrogen   ....
                       o     ...  facilitated     by comprehensive long-term hydrogen policies, governing            the
                            transition from fossil to         hydrogen, including support mechanisms
         The NortH2     proposal
         NortH2:   a concrete      proposal     to kick-start the acceleration and      upscaling of the hydrogen      economy in
         North West Europe, comprising of
             e    Phase 1    (until 2030)
                       o    4 GW Offshore           wind, North of    NL by 2030
                       0    Transmission to shore via AC            or  DC cables
                       0    4 GW onshore           electrolysis  in the Eemshaven
                       0     H2    storage   in salt   caverns  in N-NL
                       oo   Transportation          to (all) major NL/ DE    demand centres via refurbished       L-gas pipelines
                       oO    Development of the traded            green   hydrogen market
             e    Phase 2    —
                                 until 2040
                       o    Additional 6+ GW offshore wind North of NL                (2030-2040)
                       o     Offshore     electrolysis
                       o    Transportation          to shore via dedicated     pipeline (newbuilt)
                       o    Additional H2 storage
         Compared     to incremental market            development approaches,        NortH2 will
             e    accelerate the       development of the hydrogen            economy    by  at least [10] years
             eo   create the      platform for further exponential growth of the hydrogen economy
                       o     For onshore        electrolysis (post 2030)
                       o     For offshore       electrolysis (post 2035)
             eo   resultin     [25-30%] lower societal costs for Phase           1
                       o     by realising scale-up benefits early in the development phase
                       o     Phase 2 to be        quantified
         The realization of NortH2 will facilitate further             exponential growth of the hydrogen market by other
         projects
             e¢   Realization of the       hydrogen backbone, enabling           other (smaller)   H2  projects to transport H2
                  to  major     NW   European       demand centres
             eo   A  large reduction in LCOH through scale, integration and                a  programmatic approach early     in
                  the  development cycle
             eo   First  large-scale    conversion of industrial energy demand from fossil to green              hydrogen
             e
                  Development of new integrated value chains
             e
                  Development         of field-tested government         policies, regulation   and support   mechanisms,
                  driving   and    facilitating    the system    change   in hard to abate sectors from fossil to    hydrogen
                                                                                                                                  1109
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<pre>13963381
         Draft version for discussion                                                                   1 October 2020
         Key value proposition
         What's in it for NL?
                 (Contribute to)   the realization of the Paris timeline and targets at the lowest societal costs
                 Becoming major      green  hydrogen producer
                 Becoming     a major hub for   hydrogen import     into NW   Europe
                 Become     a hydrogen   centre of  expertise
                      o    Develop competencies and expertise         in the system  change from fossil to hydrogen
                 Retain   important (chemical)    industries in NL
                      o    Become    a frontrunner in green   chemistry (ref   Growth   Fund)
                      o    Early decarbonisation of NL    industries, ahead of competitors
         What's in it for DE?
                 (Contribute to)   the realization of the Paris timeline and targets at the lowest societal costs
                 Gain   early access  to hydrogen production     in  neighbourhood (securing early imports)
                 Opportunity    to develop   material  position for German     suppliers
                 Retain   strategic industries for  DE through early decarbonisation (steel)
         Q&A’s
                 Why    should NL   develop  this  now  instead of   waiting  until electrolysers have halved in
                 price?
                 Paris timeline not met
                 Opportunity    to develop
                 Will  imported hydrogen      not become    cheaper than hydrogen produced from NortH2?
                 Answer
                 Question?
                 Answer
                 Question?
                 Answer
                 Question?
                 Answer
                 Question?
                 Answer
                 Question?
                 Answer
                                                                                                                       1110
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<pre>13963381
         Draft version for discussion                                                       1 October 2020
         Missing corroboration
             ¢
                 Demonstrating the value for (NL/DE) industry of early adoption of green hydrogen
                 Study by consultant (McKinsey, BCG)
             eo  Future LCOH from     imports
                 Mitigating  Action
             e
                 Missing?
                 Mitigating  Action
             e
                 Missing?
                 Mitigating  Action
             e
                 Missing?
                 Mitigating  Action
                                                                                                           1111
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