Equinor Cancels Blue Hydrogen Export Plans to Germany Amid Low Demand
EQNREquinor(EQNR) ZACKS·2024-09-23 21:56

Equinor ASA (EQNR) , a Norwegian state-owned energy company, has scrapped its plans to export blue hydrogen to Germany due to high costs and a lack of sufficient demand, per media reports. The move came at the heels of the company's initial partnership with German energy giant RWE, which was established in January 2022 to create a hydrogen supply network aimed at reducing greenhouse gas emissions in German power plants. Cost and Lack of Demand Force EQNR to Reevaluate Partnership Equinor initially expected ...