Naturgy, Enagás to establish environment-friendly hydrogen plant in Spain together with 400MW PV park

• Spanish energy Naturgy has partnered with gas grid operator Enagás to advance a green hydrogen plant together with a 400MW solar PV project in Spain's Castilla y León area.

With an electrolyser of up to 60MW, it is really hoped that center will produce as much as 9,000 tonnes of green hydrogen each year, both for neighborhood usage in addition to for future exports to markets in northwestern Europe.

The business intend to build the facility in La Robla, near the website of a coal-fired plant that Naturgy shut previously this year. They really did not reveal a duration for the project's development or just how much financial investment it will require.

Having actually invested years researching the development of hydrogen, Naturgy stated Spain's renewable energies integrated with existing facilities as well as its geostrategic placement offer the nation the possibility to end up being a merchant of the fuel in the future.

The announcement comes weeks after Iberdrola stated it had actually signed a contract with Norwegian firm Nel to establish as well as deploy large-scale electrolyser projects and advertise eco-friendly hydrogen's supply chain in Spain. The utility, which has actually developed a brand-new device focused on environment-friendly hydrogen, is likewise behind prepare for a Spanish plant that will couple 100MW of solar PV, a 20MWh lithium-ion battery system as well as a 20MW electrolyser.

Meanwhile, as part of efforts to scale up its renewables ability in the coming years, oil significant Repsol intends to attain environment-friendly hydrogen production of the matching of 400MW by 2025 in Spain as well as Portugal, with an objective of going beyond 1.2 GW in 2030.

A reduction in production costs integrated with boosted federal government assistance for the innovation indicates that global investments in environment-friendly hydrogen are on track to surpass US$ 1 billion by 2023, according to IHS Markit. The research study firm said more affordable eco-friendly power has represented two-thirds of the decrease in the cost of environment-friendly hydrogen seen since 2015, with one-third because of the reduced cost of electrolysis equipment.