Wind industry in the green Hydrogen revolution
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Wind industry in the green Hydrogen revolution Siemens Energy Hydrogen Day Andreas Nauen, CEO Siemens Gamesa Renewable Energy © Siemens Gamesa Renewable Energy S.A.

Wind industry in the green Hydrogen revolution Disclaimer DISCLAIMER This document has been prepared by Siemens Gamesa Renewable Energy, S.A. exclusively for use during the presentation of Siemens Energy “Hydrogen Day”. As a consequence thereof, this document may not be disclosed or published, nor used by any other person or entity, for any other reason without the express and prior written consent of Siemens Gamesa Renewable Energy, S.A. Siemens Gamesa Renewable Energy, S.A. does not assume liability for this document if it is used with a purpose other than the above. The information and...

Wind industry in the green Hydrogen revolution Wind will be at the center of green Hydrogen revolution Hydrogen will unlock additional demand potential for Wind installations Global cumulative Wind capacity installed to produce green Hydrogen GW (excl. China) Base Case Scenario High Case Scenario reated Noun Pro ect from the by ProSymbol Ammonia Fertilizers Mobility Industry Gas & power Cumulative new Wind capacity to produce electricity3 (Since 2020, excl. China) © Siemens Gamesa Renewable Energy S.A. 1) Based on analyst reports and Hydrogen EU. 2) Source: IHS report “Outlook for the role...

Wind industry in the green Hydrogen revolution Cost of green H2 falling rapidly, with Wind as key enabler of future competitiveness Highlights Future cost of green H2 will be below those for blue H2 fossil fuels Levelized cost of hydrogen (USD/kg H2) 7 • Green H2 is currently more expensive than conventional H2 production from fossil fuels Low-cost solar and wind resources start to achieve fossil fuel parity within the next five years (e.g. Chile, Saudi Arabia, Australia) • Cost of green H2 falling rapidly due to combined effects of reduced electrolyzer cost and cheaper renewable power •...

Wind industry in the green Hydrogen revolution Onshore: source of green H2 production in the near future, with large scale projects from 2026 onwards GW (Excl. China) 620 Onshore Small-scale projects for mobility applications or existing H2 use cases (e.g. fertilizers) expected from 2023 onwards Large-scale Hybrid projects (Onshore Wind + PV) in countries with favorable resources (Australia, Chile) also constitute a low-cost source for H2 export Prototypes already before 2025 Global cumulative capacity of Wind Onshore for H2 production Globally announced Onshore Hydrogen projects3 Onshore...

Wind industry in the green Hydrogen revolution Offshore: strong growth expected from 2030 onwards, with significant potential • North Sea initially as the most promising area, combining both good wind resources and strong potential demand for H2 (rest of the world to follow with further potential) Global cumulative capacity of Wind Offshore for H2 production First offshore large scale projects planned before the end of the decade Offshore Wind scalability, capacity factors and availability optimal for large scale deployment in the longer-term GW (Excl. China) 620 Onshore Globally announced...

Wind industry in the green Hydrogen revolution Brownfield: Adding an electrolyzer into existing Wind farms could also have substantial potential Key uses cases for brownfield H2 production Wind farms with expiring feed-in tariffs/ incentives, willing to identify new revenue tream … … in market with decreasing/ low electricity prices and/or high volatility … and located close to large Hydrogen demand hubs (e.g. harbors, ammonia clusters, etc.) First brownfield projects expected already before 2025, with some demonstrators currently being deployed Brownfield Hydrogen sites can yield...

Wind industry in the green Hydrogen revolution SGRE exploring different business models by Business Unit Business Model Centralized solution (at least for first phase) Electrolyzer integrated on the WTG Wind turbine adaptations required Greenfield and brownfield opportunities with potential opportunity for expanded scope © Siemens Gamesa Renewable Energy S.A. Hydrogen pipes Grid Electrical transmission line Decentralized solution Electrolyzer located at substation level or close to consumer facilities No significant hydrogen specific Wind turbine development required in the short-term...

Wind industry in the green Hydrogen revolution SGRE already taking significant steps in shaping the industry: Brownfield Concept Renewable H2 Upgrade product integrates an electrolyzer into an existing Wind farm… Product concept description … providing sound benefits to existing assets Benefits 1 Upgrade (incl. electrolyzer) to produce H2 Existing Wind farm Plant Controller Increases the value of Wind power by using it before it goes to grid Makes the plant flexible, allowing the assets to contribute even more to the energy transition Pilot project © Siemens Gamesa Renewable Energy S.A....

Wind industry in the green Hydrogen revolution SGRE already taking significant steps in shaping the industry: Decentralized offshore solution Offshore decentralized solution integrates SE Electrolyzer into the Wind turbine… …with clear benefits and value-add potential Offshore decentralized solution description Benefits (vs. centralized solution) • CAPEX reduction by replacing high cost Water Desalination HV infrastructure with pipes network • Increase of system efficiency due to lower HV electrical loses • Increase of plant load factor Wind turbine Modified WTG to produce H2 at turbine...

Wind industry in the green Hydrogen revolution SGRE already taking significant steps in shaping the industry: Partnership with Siemens Energy combines the strengths of the two companies Collaboration Strengths First Wind OEM announcing a H2 integrated solution Global market leader in Offshore Wind Scope of collaboration in Product Development • Adaptation of largest offshore turbine (SG14-222) • Full integrated Wind+Electrolyzer solution + Multi-MW electrolyzer with presence in the whole Hydrogen value chain • Commercial scale electrolyzer with specific design for offshore use case Leader...