Equinor and Engie's latest developments regarding the H2BE hydrogen project in Belgium
The H2BE project, a 1 GW hydrogen project, has taken a significant step forward with the announcement of its progress on February 1, 2023. The project, being developed under a joint development agreement (JDA) signed by ENGIE and Equinor, is now moving towards concept selection in 2023.
The JDA aims to progress H2BE to the next development phase, with the development of the project being closely followed in the hydrogen market. The feasibility study for the project was completed at ENGIE's site at Rodenhuize in Ghent, Belgium, and the study's findings have been well-received.
The H2BE project has received letters of support from investment funds and authorities in Belgium, including Invest.BE, SRIW, the Walloon Region, and the Belgian Federal Government. The support from these entities underscores the project's potential to contribute significantly to Belgium's renewable energy goals.
Moreover, more than 20 potential hydrogen off-takers have expressed interest in the H2BE project last year, indicating a strong market demand for the project's output. The interest from these potential off-takers bodes well for the project's future.
The start of the next development phase for the H2BE project was announced by Engie and Equinor, signalling the project's entry into a more advanced stage of development. The two companies have been working together under the JDA to progress the project, with the goal of maturing towards concept selection in 2023.
The latest news about the H2BE project can be found on various news websites, providing updates on the project's progress and future developments. As the project continues to advance, it is expected to play a significant role in Belgium's transition to a more sustainable energy future.
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