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<pre>10271675
                                                          NortH,
         NortH2 welcomes              new     international partners RWE and                Equinor
         7 December 2020         -
                                    Following the launch of the           NortH2  project  on  27  February 2020, Gasunie,
         Groningen Seaports and Shell Nederland welcome two new partners, RWE and Equinor to the
         consortium. These parties will contribute to the international ambition to supply green hydrogen
         cross-border. The consortium wants to take a leading position in accelerating and scaling up the
         development of the hydrogen market in Northwest Europe.
         8 to 10 megatonnes CO, reduction per year
         NortH2 wants to       play  a  major role   in  achieving the European, Dutch and        German climate    goals and
         accelerating the development of an international hydrogen market. The project aims to achieve this
         through large-scale production, storage and transport of green hydrogen to industrial sectors that are
         difficult  or unable to   electrify.  Each partner    brings its own expertise for the separate parts of this value
         chain. New offshore wind farms would generate the green power and could                  gradually  grow in  capacity
         from 1 GW in 2027, to 4 GW             by 2030,    to  more   than 10 GW in 2040. These wind farms would be
         additional to the      already planned wind farms for the renewable electricity supply. They would be
         directly linked to the hydrogen plant and all power would be used for the production of green hydrogen.
         With this, the consortium aims to produce 1 million tons of green hydrogen per year by 2040. This
         would avoid about 8 to 10 megatonnes of CO2 per year.
         The  feasibility study shows positive results
         In recent   months, the consortium has been working on the first phase of the feasibility study, focusing
         on the period up to 2030. The study concludes that NortH2's integrated approach could lead to a 20%
         reduction in societal costs compared to a smaller-scale approach. Because the consortium wants to
         build the entire chain on a large scale        -
                                                           from offshore wind farms, production, storage, distribution to
         the eventual use of green hydrogen this cost reduction can be achieved. In this way, green hydrogen
                                                     -
         can   become an economically interesting decarbonisation option in, for example, the industry in
         comparison to alternatives. In addition, according to a recent study by the University of Groningen, the
         project could involve between           700 and     1,200 structural jobs in the province of Groningen and          a
         multitude of this     during  the construction      phase.  The second   phase  of the feasibility study focusing  on
         the  period   after 2030 has   now   started.
         Collaboration is evident and necessary
         "We   are   very  pleased with     RWE and     Equinor joining the     NortH2 consortium. This     expansion of the
         consortium fits well with the international ambitions of the          project. European collaboration is necessary
         in order to    ultimately achieve the climate goals and accelerate the energy transition. In addition, RWE
         and Equinor are no strangers in the Eemshaven and the Northern Netherlands, and we can use each
         other's knowledge and expertise to further develop Europe's largest green hydrogen project”, says Cas
         Konig, CEO of Groningen Seaports.
         “NortH2 is    one  of the most ambitious      hydrogen projects in Europe. As a new partner, RWE will
         contribute its broad expertise to create a powerful infrastructure for green hydrogen in
         Northern Netherlands. We are the world's second biggest operator of offshore wind farms
         and have experience in the field of electrolysers, making us the ideal partner for NortH2.”
         “This is  a groundbreaking project      that  Equinor   is looking forward to contribute to. The project can be an
         important part in our efforts to         build  a  competitive position in hydrogen, creating future value and
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<pre>10271675
                                                     NortH,
         industrial possibilities. Our aim is to be a net-zero energy company     by  2050 and   developing  a profitable
         low carbon value chain for    hydrogen will be  an essential part of our transition to become   a broad energy
         company.   Hydrogen will be key   to decarbonization and net    zero efforts for the energy market,   especially
         in otherwise hard to abate sectors which cannot be served          by electricity,”  says Equinor CEO, Anders
         Opedal
         What's next?
         The consortium is     dependent,  among other    things,  on permits from governments, the assignment of
         new  wind farm locations in the North Sea, the available locations for the          hydrogen plant(s),  interest
         from  potential  customers, and the final investment decisions of the parties concerned.
                                                                                                                          0007
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