Tuesday, September 21

Iberdrola invests 38 million in two hydrogen plants in Alicante and Valencia

The project, for public use, modular and expandable, represents an investment of more than 38 million euros and includes the construction of a self-consumption photovoltaic plant at each of the sites which, added to Iberdrola’s renewable energy, will allow the facilities to be supplied only with electricity from emission-free energies.

In addition, the incorporation of energy storage equipment in the form of smart batteries is being studied to accumulate the surplus of the photovoltaic production not consumed by the plants and pour it into the grid or allocate it to the production of hydrogen at the optimal hours.

The objective of the project is generate and supply green hydrogen to heavy road transport fleets, fleets of intercity buses and light industrial vehicles. At the same time, it could provide services to other sectors in the area that may have a need for hydrogen, such as the railroad or the chemical industry.

Iberdrola leads this initiative presented to the program Next Generation EU and that it has the institutional support of the Generalitat Valenciana. In addition, companies and institutions such as Acotral, Vectalia, Grupo Mazo, Alsa, Transdonat, the Technological Institute of Energy (ITE), Ampere Energy and the Valencian Federation of Transport and Logistics Entrepreneurs (FVET).

The initiative will have an important driving effect on the regional economy, with the creation of more than 1,500 direct and indirect jobs during its construction and operation, as well as the contracting of services and purchase of equipment from Valencian companies.

The project is complementary to the one presented by Iberdrola in Zaragoza, also oriented to transport, and to the one that is already being developed in the Barcelona Free Zone, where the construction and operation of a hydrogeneration plant for ten years that will be used by Transports Metropolitans buses has been awarded. Barcelona (TMB) and other fleets and industries in the estate.

Iberdrola has also submitted 53 hydrogen-related projects to the Next Generation EU program, which would trigger investments of 2,500 million to reach an annual production of 60,000 tons per year.

Innovation for the transformation of the industrial fabric

Iberdrola is convinced that the energy transition can act as a key driving agent in the transformation of the industrial fabric and the green recovery of the economy and employment. To do this, it has launched a historic investment plan of 75,000 million euros for the period 2020-2025; of these 14,300 million euros will be made in Spain.

Additionally, the company has presented 150 initiatives to the Next Generation UE program that would mobilize investments of 21,000 million e they would involve more than 350 SMEs.

The projects would generate 45,000 jobs each year, an economic growth of more than 1.5% of GDP, an improvement in competitiveness and the balance of payments -between 500 and 1,000 million euros a year- and the contribution to the demographic challenge, since more than 7,000 million euros are included in rural settings.


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