30 May 2024
IEA report: Regional cooperation key to tap into the North Sea’s hydrogen potential
The IEA has published a new report on the North Sea’s hydrogen potential. The report states that approximately 25 GW of electrolyser capacity could be powered by offshore wind projects in the North Sea by 2030 if all announced projects for this period are realised. This could translate to approximately 1.2 Mt per year of low-emissions hydrogen production, taking into account assumptions on efficiency and utilisation factors. However, less than 2% of these projects in terms of low-emissions hydrogen have been committed, while 98% are undergoing feasibility studies or in early stages of planning. In addition to producing low-emissions hydrogen, electrolysers can also help integrate offshore renewables into broader power systems and limit generation curtailments.