Equinor, RWE Partner On Hydrogen Supply Chain To Help Germany Ease Out Coal Dependency & More Trending News


  • 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.

  • The companions purpose to switch coal fired energy vegetation with hydrogen-ready gasoline fired energy vegetation in Germany.

  • They will even construct manufacturing of low carbon and renewable hydrogen in Norway to be exported to Germany by pipelines.

  • The development of recent gasoline energy vegetation (CCGTs) will contribute to Germany’s phase-out roadmap for coal.

  • Equinor and RWE will collectively personal the CCGTs, which initially might be fueled with pure gasoline after which steadily use hydrogen as gasoline.

  • 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.

  • “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.

  • Price Action: EQNR shares are buying and selling decrease by 0.31% at $31.76 in premarket on the final verify Thursday.

  • Photo Via Company

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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

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