Equinor, RWE Partner On Hydrogen Supply Chain To Help Germany Ease Out Coal Dependency & More Trending News
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Equinor ASA (NYSE: EQNR) has partnered with the German power firm RWE AG (OTC: RWEOY) to collectively develop large-scale worth chains for low carbon hydrogen.
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The companions purpose to switch coal fired energy vegetation with hydrogen-ready gasoline fired energy vegetation in Germany.
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They will even construct manufacturing of low carbon and renewable hydrogen in Norway to be exported to Germany by pipelines.
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The development of recent gasoline energy vegetation (CCGTs) will contribute to Germany’s phase-out roadmap for coal.
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Equinor and RWE will collectively personal the CCGTs, which initially might be fueled with pure gasoline after which steadily use hydrogen as gasoline.
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The events will collectively develop offshore wind farms that may allow manufacturing of renewable hydrogen as gasoline for energy and different industrial clients sooner or later.
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“Through this collaboration we will strengthen the long-term energy security for Europe’s leading industrial country while at the same time offer a viable route to a necessary energy transition for hard to abate industries,” stated Equinor CEO Anders Opedal.
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Price Action: EQNR shares are buying and selling decrease by 0.31% at $31.76 in premarket on the final verify Thursday.
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Equinor, RWE Partner On Hydrogen Supply Chain To Help Germany Ease Out Coal Dependency
Equinor, RWE Partner On Hydrogen Supply Chain To Help Germany Ease Out Coal Dependency
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Equinor, RWE Partner On Hydrogen Supply Chain To Help Germany Ease Out Coal Dependency