Update on H2BE hydrogen project in Belgium

The feasibility study of the 1 GW H2BE hydrogen project, which assessed the technical and economic suitability of a potential location at Engie’s site at Rodenhuize in Ghent (Belgium), has been completed.
ENGIE and Equinor have decided to sign a joint development agreement (JDA), progress H2BE to the next development phase and further mature towards concept selection in 2023.
Last year, more than 20 potential hydrogen off-takers expressed interest in H2BE, which has also received letters of support from investment funds and authorities in Belgium.
Latest news
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 - Equinor third quarter 2025 results- Equinor delivered an adjusted operating income* of USD 6.21 billion and USD 1.51 billion after tax* in the third quarter of 2025. Equinor reported a net operating income of USD 5.27 billion and a net loss of USD 0.20 billion. Adjusted net income* was USD 0.93 billion, leading to adjusted earnings per share* of USD 0.37. 
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