Mitsubishi and Shell to produce hydrogen from Dutch offshore wind farms

Mitsubishi and Shell are collaborating on the development of major offshore wind farms in Europe to produce green hydrogen.

The plan calls for the construction of offshore wind farms in the Netherlands capable of producing approximately 4 million kilowatts of electricity. It will use the generated energy to produce hydrogen, with the goal of producing one million tons per year by 2040.

By 2030, the plan is expected to generate 400,000 tons of green hydrogen per year. Mitsubishi, through its subsidiary Eneco Groep N.V., intends to invest 10% in a company backed by Shell and Equinor, among others.

Mitsubishi plans to invest $16.2 billion in decarbonization industries by fiscal 2030, with renewable energy accounting for roughly half of that total.

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