The European Commission has designated the Repsol-backed hydrogen project in Spain’s Escombreras Valley, which involves building a massive electrolyser, as “Strategic and of Common Interest in Europe.”
The European Union Commission has given its blessing to the mobilization of 5.2 billion euros in public money from thirteen Member States to support renewable hydrogen value chain research, large-scale industrial deployment, and infrastructure building. IPCEI Hy2Use is an initiative with the goal of attracting private investment of further 7 billion Euros.
As part of its efforts to encourage the decarbonization of the industries in the Valle de Escombreras, Repsol will push for the building of an electrolyser with a 100 MW capacity in the first phase of the project.
Recognized by the European Commission, Repsol’s Cartagena project is a key component of the multi-energy company’s renewable hydrogen strategy and further cements Repsol’s position as Spain’s market leader.