Browsing: Spain

Hive Energy Builds Green Hydrogen Hub in Spain

Hive Energy is embarking on a project in Spain. Their Hive H2 Albamed venture aims to become Europe’s largest green hydrogen hub, harnessing the power of the sun and wind to produce clean fuel for the future.

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White Summit Capital’s green hydrogen subsidiary, HyFive, has made significant strides in advancing sustainable energy infrastructure, securing €28.7 million in financial support for green hydrogen initiatives across Spain and Germany in 2023.

Water Scarcity Threatens Spain's Ambitious Hydrogen Plans

Spain’s ambitious plans for hydrogen production face a significant hurdle: water vulnerability. According to the latest report from the International Renewable Energy Agency (Irena) titled “Water for Hydrogen Production,” over 46% of all green and blue hydrogen projects slated for 2040 in Spain will be situated in regions grappling with severe water scarcity.

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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.

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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.