GREEN HYDROGENThe Energy Transition Enabler

WETEX DSS 2019

Develop large scale integrated Hydrogen solutions from local to global markets

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• ENGIE will architect, build and operate large scale Hydrogen solutions• ENGIE will provide turnkey solutions across the value chain

HydrogenElectricity

Heat & coldChemical carrierMultifluid

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PV

HydroElectrolyzer

Heat & Cold

Heat & Cold

Mobility

IndustryWind

Storage

Transport of green energy to regionswith limited RES

potential

Mobility

Energy intensive as mines, ammonia, steel, cement…

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Local multi-usage business : electricity, heat, cold, process, transport, storage,…3

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Storage

Multi-usage green offerMassive green H2

production through cheap RES1

3

Enables full unlocking of renewables

More renewables

Environmental pressure

Future competitive advantage for

early adopters!

Grid instability,more storage needed

Cost decrease,industrialization

End uses

More green

H2

H2 H2

O2

4

50% 20%

Renewables Electrolysis

50% 40% 10%

Others

2018

2030SMR costs

30%

Divided by 2 to 3

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Powerto Power

to the grid

Off grid

*

*

O2

H2

Renewable electricity

ElectrolysisWater

Transport(pure H2 or blending)

Heating/cooling of individual buildings and electric powering

Mobility: zero emissions, fast chargingExtended autonomy

Decarbonization of industrial processes(substitute of SMR process and new processes), multi-energy solutions (mining)

* Fuel cells / turbines

Unlocking large affordable and /or fatal RES

Decarbonized End uses

H2

Powerto Gas

Pure Energy Vector

Storage(long scale and

long run)

Magnum power plant

Key operational metricsBuilding blocks

Electrolyzerpowered byrenewableelectricity

ObjectiveTo build a utility scale (> GW electrolyzer) greenHydrogen value chain at the core of the Europeanenergy corridor to serve a large variety of end users:chemical industry, transportation (road, train, maritime),buildings and energy network.

Hydrogentransport andstorage (a.o.refit of existinginfrastructure)

• 1st step: 100MW ~14ktpa H2, CO2 reduction ~140ktpa• 2nd step: up to 1GW, up to140 ktpa H2, total CO2 reduction up to 1500 ktpa

Strategic Rationale and Project Benefits

Investment Horizon

Step 1 100MW (build to start early 2020s) ~150m$

Step 2 ~500-1GW (build starts mid 2020s) >$1bn

• Supporting Dutch climate agreement• Integrated in local energy transition roadmap• Green energy ecosystem at the core of Europe's energy corridor• Re-using of existing gas infrastructure instead of additional huge

investments in HV grid• Replicable ecosystem for other locations (Europe, Australia, North

America)

A step by step systemic approach developing the complete value chain, working with partner: Gasunie

On the way to the ultimate vision to operate a carbon neutral mine

•Partner: Anglo American in S. Africa.

•Purpose: Co-create the first H2 Powered MiningHaul Truck (payload capacity over 300t ).

•H2 usage: produced with solar energy andused for fuel cell-based powertrain. Single digitMW solar park and several MWe electrolyzer.

•First milestone: first motion in 2020, underconstruction, 1 truck to be retrofitted (eq. to 200H2 cars)

•End game: industrialization and generalizationof the solution and H2 ecosystem for mines.

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The hydrogen technology is ready and need to scale up to decrease CAPEX

Early industrial adopters are there and will take competitive advantage

Projects will request equity partnership

Financing institutions should be prepared to study first at scale projects

CONCLUSION

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