TotalEnergies and Air Liquide have announced plans to invest a total of more than $1 billion in two green hydrogen projects in the Netherlands. The projects aim to produce green hydrogen using renewable power sources, with a target of about 45,000 tons per year. The electricity for the electrolyzers will predominantly be sourced from the OranjeWind offshore wind farm in the Netherlands, developed by TotalEnergies and Germany’s RWE. These projects are part of TotalEnergies' strategy to reduce emissions from its refineries in Belgium and the Netherlands. By cutting CO2 emissions by up to 450,000 tons annually, the projects align with European renewable energy goals in the transport sector. The agreement between TotalEnergies and Air Liquide involves forming a 50/50 joint venture to develop and operate a 250-MW electrolyzer near the Zeeland refinery, expected to be operational by 2029. This initiative aims to significantly reduce CO2 emissions by up to 300,000 tons per year and has received support from European and national subsidy programs. Additionally, a tolling agreement has been signed for 130 MW of production capacity dedicated to generating 15,000 tons of green hydrogen annually at Air Liquide’s ELYgator electrolyzer project in Maasvlakte. This project, set to be operational by the end of 2027, is projected to cut CO2 emissions by up to 150,000 tons a year at the Antwerp site. TotalEnergies' commitment to green hydrogen production is part of its broader decarbonization strategy for hydrogen consumption in Europe by 2030. While analysts caution that green hydrogen may not be cost-competitive with gray hydrogen until at least 2050, TotalEnergies remains focused on its sustainable energy initiatives.