Spain is leveraging €1.5bn in EU funds to propel itself into the forefront of the green hydrogen revolution. However, scars from the country’s solar energy missteps in the early 2010s serve as a stark reminder of the importance of careful planning and foresight.
Green methanol project in southern Spain has captured the attention of investors, with an anticipated investment of up to EUR 1 billion ($1.1 billion). The brainchild of Cepsa and C2X, the project aims to establish a cutting-edge green methanol plant capable of annually producing 300,000 metric tonnes of this eco-friendly fuel.
Enagás, the leading energy infrastructure company, has reported an overwhelming response, with more than 600 projects expressing interest in utilizing the upcoming hydrogen network in the country. The ‘call for interest’ process, initiated by Enagás, attracted participation from over 200 companies, unveiling a diverse range of projects aiming to supply hydrogen domestically and export to international markets.
Lhyfe, a global leader in renewable green hydrogen production, has secured a grant of up to €14 million from H2 Pioneros for the development of a green hydrogen plant in Spain.
In what is poised to be Spain’s next energy revolution, a surge of over a hundred projects is set to harness the potential of green hydrogen, marking a pivotal step in the nation’s commitment to decarbonization.
Spanish government is set to allocate 150 million euros from European Union funds to prominent hydrogen projects led by major energy corporations. This funding injection, part of the Incentive Program for Pioneering Renewable Hydrogen Projects (H2 Pioneers Program), underscores Spain’s commitment to advancing green hydrogen technologies.
Port of Amsterdam has signed three crucial agreements during the H2 Connecting Event in Duisburg. These agreements aim to solidify the port’s position as a vital supplier of renewable hydrogen and derivatives to the German market, aligning with the collaborative efforts between the Netherlands and Germany in the realm of renewable hydrogen.
Spain is making significant strides in green hydrogen adoption, positioning itself as a leader in Europe, trailing only behind Germany. The revelation emerged during the 6th edition of Future Utility, a gathering of over 150 energy sector professionals. Simultaneously, the H2Green Forum Spain took place, organized by IKN, marking the nation’s first congress focusing on green hydrogen.
Spain’s Inta testing center in Cuadros, León, is at the forefront of breakthrough experiments that could reshape the energy landscape by enabling more sustainable alternatives for air and land transportation.
Spanish energy major Repsol has announced the freezing of its investment plans for a significant hydrogen plant located in the Basque Country, northern Spain.
