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         NortH2:        Kickstarting the green hydrogen                      economy in Northwest                   Europe
         Primary audiences   are  1) the NL, DE and EU governments,  2) potential partners/customers (B2B), 3) energy (transition)
         influencers. Secondary   audiences:  General public/B2C.Before using this narrative, always contact the NortH2 comms focal
         point.
         KEY MESSAGES
         NortH2:
              »
                      Larger, cleaner/greener, faster
              YY    Large-scale: Scaling      and  integration of projects (from wind         to green    hydrogen production)
              »     Green:   Far-reaching      reduction CO;-emissions       through    use  of renewable      electricity and green
                    hydrogen
              »     Fast: With policy and relevant partners          we can    develop    a (green) hydrogen       market and
                    significantly    contribute to   achieving   climate targets
              »     Integrated: Creating       a balanced and sustainable energy network of electrons and molecules
         NortH2 will:
              »     accelerate the     development of the hydrogen economy by at least [10] years
              »     create the    platform for further exponential growth of the hydrogen economy
                         o    For onshore electrolysis (post 2030)
                         o    For offshore     electrolysis (post 2035)
              »     result in  [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
           By 2030, NortH?2 will       amount to:                                   After 2030, NortH2 will amount to:
                 -
                     The construction of 4 GW of offshore wind                            -
                                                                                                Additional 6+ GW of offshore wind installed
                      installed  capacity North of the Netherlands;                            capacity North of the Netherlands;
                 -
                     Transmission of power to shore via AC            or DC               -
                                                                                               Offshore    electrolysis capabilities;
                      cables;                                                             -
                                                                                               Transportation of green hydrogen       to shore via
                 -
                     The installation of4 GW onshore           electrolysis                    dedicated    (newly built) pipeline;
                      capacity   in the   Eemshaven;                                      -
                                                                                               Additional hydrogen storage.
                 -
                      Hydrogen storage in salt       caverns   in the
                      Northern Netherlands;
                 -
                     Transportation of green hydrogen to (all) major
                      NL/ DE demand centres via refurbished L-gas
                      pipelines;
                 -
                      Development of the traded          green  hydrogen
                      market
         NET-ZERO EMISSIONS EUROPEAN ECONOMY IN 2050
              e¢   To meet the       goals of the   Paris Agreement and the ambitions            in the Green    Deal, society needs
                   to meet the       growing energy demand while          reducing    net carbon dioxide emissions         by almost
                    half (from 32Gt in 2017 to 18.4 Gt in 2050). This is a challenge that requires drastic changes
                    in the way energy is produced, storage, used and made accessible. Large parts of the
                                   e.g. built environment, passenger vehicles, businesses —can be electrified using
                                —
                    economy
                    renewable electricity. Other important parts of the economy                  —
                                                                                                    e.g. steel, chemicals, heavy-
                    duty transport, shipping and aviation are harder to decarbonize and should therefore use
                                                                   —
                   green hydrogen.
              e¢    We need to start the        large-scale development of green hydrogen production nowtoday, Not
                    only to achieve the climate objectives for 2030 and 2050, but also toearn what works best
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<pre>13967313
               for the energy system, which tradeoffs need to be made, and which                          technological advances
               are still required.     This way green     hydrogen    can    already    make     a  significant contribution to the
               2030 EU emission reduction            goals too.
               System change will involve          a further and faster increase of renewable power and storage
               production capacity, technological advances               to accommodate            large-scale renewable     power
               and green     hydrogen production,         and  a  need to close the current value gap between fossil
               and low-carbon gases.
               On top of    that,   current   consumers     of fossil fuels in those parts of the economy that              are  hard
               to decarbonize will need to switch to green             hydrogen. Early         private and    public  investments in
               green   hydrogen megaprojects will           prove to be essential to         help important industrial
               segments in Europe make the necessary steps                  to decarbonize.
               Northwest      Europe    is uniquely positioned      to  develop     an  integrated hydrogen         value chain   —
               from offshore wind         development      and renewable power           generation      to production, storage,
               transport and the sale of green hydrogen. The North Sea has                       a great potential for large-scale
               wind   development, there         is extensive   existing natural      gas infrastructure that is suitable for
               storage and      large-scale   transport of    hydrogen,      and there     are   large industrial clusters in the
               Netherlands and Germany            as well as heavy-duty vehicle           OEMs that could economically
               benefit from      a ‘first mover’ advantage.
         NORTH2: A BOLD KICKSTART OF THE                GREEN HYDROGEN ECONOMY
               NortH2 is    a  cross-border     project, Northwest European            in  scale, spanning the whole
               integrated     green   hydrogen     value chain.    Through     NortH2 very        large-scale  onshore   hydrogen
               production      can  be fast-tracked before 2030 and very             large-scale      offshore   hydrogen
               production after       2030 will be enabled. All of this will        require the lowest societal costs,         in
               comparison       to piecemeal     investments in separate parts of the value               chain,  to enable the
               decarbonization of the economy.
               Embracing      NortH2     provides    NL with the   opportunity      to establish itself     as a  leading green
               hydrogen producer, Germany to establish itself                 as a leading hydrogen technology supplier
               and industries in the major Northwest European clusters to decarbonize faster than                           through
               other initiatives.
               NortH2 will contribute to         meeting the     EU climate     targets in 2030, pave the way for green
               hydrogen     to contribute to      meeting    the Paris  Agreement climate targets             in  2050, and provide
               European industries the opportunity to build               a  competitive edge. The project will allow
               European industries to build expertise in green               hydrogen technology, and the production
               and  trading of     more    sustainable   products.
               On top of    that, the large private and public         investments in NortH2 will create tens of
               thousands of      jobs, locally   and at the national and European level.
         TRANSFORMATIVE COLLABORATION: BUILDING A GREEN HYDROGEN MARKET
               We cannot do this alone. To make this             happen, large      investors in green        hydrogen
               production, large       consumers      and different levels of governments              (regional, national,
               European)      need to work     together.
               We need     (additional) policy frameworks to           work towards         an  investible business    case  for
               green   hydrogen,      we   need  a  sustained level   playing    field   across     Europe  to stimulate
               investments, and        we   need ambitious governments to stimulate the demand for green
               hydrogen.
               This demand for green          hydrogen    can  be kickstarted      through      a  mix of ‘carrot and stick’   policy
               instruments in combination with support for               progressive companies that             are willing to  move
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<pre>13967313
                 early. In  addition, the support of TSOs        is essential to build the   required offshore     power and
                 hydrogen transportation infrastructure.
                 We call   on  the Dutch, German and European governments to act                swiftly and collaborate      to
                 create the    regulatory and supporting policy framework within which it becomes possible to
                 set up the entire     hydrogen value chain. Consider, for example, the allotment of new wind
                 farms in the northern part of the North Sea,            regulations for the storage, transport and supply
                 of hydrogen, stimulation of demand for low-carbon hydrogen and investments in (parts of)
                 the value chain. This enables European companies, backed by financial investors, to take
                 stable and    positive    investment decisions in order to       develop  a green   hydrogen     market and
                 help Northwest Europe decarbonize faster.
         LET'S START NOW, TODAY
                 We need to start now,         today. There   is an  urgency behind the     required system changes to
                 achieve the climate        goals that has not been that apparent until       now.   Momentum for        a
                 hydrogen market        is growing and European countries, companies, and             communities need to
                 grab this   momentum to accelerate.
                 A frontrunner     position    in the development of green hydrogen production, technology,
                 transport, storage, and        a market will allow    Europe (and European companies)           an edge   over
                 their global competitors.        With the start in the Netherlands and       Germany,     the North Sea’s
                 offshore wind     potential (and     even  potential   for offshore   hydrogen production)       can  be
                 unlocked and the       large-scale hydrogen production         will enable the retention of energy-
                 intensive industries and OEM’s in these countries.
                 The  large  investments in the       integrated hydrogen value chain        cannot   only  secure  the current
                 employment       in producing industries, ports that       are  transitioning  to  hydrogen hubs, and
                 vehicle manufacturers, but also create tens of thousands               high-quality jobs   in the green
                 hydrogen technology supply chain, including research and development, for                     a new
                 generation of engineers, technicians, etc.
                 The realization of NortH2 will facilitate further         exponential growth      of the hydrogen     market
                 by enabling    other   (smaller) hydrogen projects to transport hydrogen            to major Northwest
                 European     customers. NortH2’s       envisaged scale, integration      and  programmatic approach         can
                 achieve   a  large  reduction in    development      costs for infrastructure, production, and       so on.  In
                 comparison with       strengthening     the electricity grid,   NortH2 will enable    a more    cost-efficient
                 way for   society   to decarbonize.
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