Equinor and RWE to cooperate on energy security and decarbonization
The partners aim to replace coal fired power plants with hydrogen-ready gas fired power plants in Germany, and to build production of low carbon and renewable hydrogen in Norway that will be exported through pipeline to Germany.
On 5 January, the two companies signed a memorandum of understanding (MoU) to jointly develop large-scale energy value chains, building on the partnership between Norway and Germany and the long-term relationship between Equinor and RWE. The cooperation has these main building blocks:
- Construction of new gas power plants (CCGTs), contributing to Germany’s phase-out roadmap for coal. Equinor and RWE will jointly own the CCGTs which initially will be fueled with natural gas and then gradually use hydrogen as fuel with the ambition of fully to be run on hydrogen when volumes and technology are available.
- Building production facilities in Norway to produce low carbon hydrogen from natural gas with CCS. More than 95 percent of the CO2 will be captured and stored safely and permanently under the seabed offshore Norway.
- Export of hydrogen by pipeline from Norway to Germany.
- Joint development of offshore wind farms that will enable production of renewable hydrogen as fuel for power and other industrial customers in the future.
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