Global Success

The North Sea Bet: Inside the $80B Wager That Could Decarbonize European Steel

EW

By Elena Whitcombe

Energy Editor

April 12, 2026

14 min read

The North Sea Bet: Inside the $80B Wager That Could Decarbonize European Steel

A consortium of four companies, three governments, and one improbable engineer is building the world's largest green hydrogen corridor — and they are doing it faster than anyone thought possible.

Written by

Elena Whitcombe

Energy Editor