Nel Hydrogen Electrolyser, a division of Nel, has signed a Memorandum of Understanding (MoU) with Iberdrola to collaborate in the development of a green hydrogen production plant with the capacity of more than 200 MW in Spain by 2023.

The parties will start the project, as well as strategic discussions, immediately, with the target of deploying more than 200 MW electrolysers in 2023, after the initial 20 MW plant is set to begin operations in 2021.