Cummins and Iberdrola are implementing their second joint project in the Pyrenees
As part of the EU's special hydrogen strategy, a large 500 MW hydrogen electrolysis plant will be built in Spain, with a possible expansion to more than 1 GW and a cost of 50 million euros.
This is reported by the publication GreenDeal.
The construction will be carried out by the American energy company Cummins in cooperation with the Spanish producer and supplier of electricity Iberdrola. Cummins CEO Tom Linebarger said that Spain offers a strong and dynamic local environment for hydrogen production, so they are happy to invest here and significantly increase their production capacity in Europe.
According to him, the partnership with Iberdrola positions the company as a European leader in the production of environmentally friendly hydrogen, and this project is just the beginning of Cummins's expansion into new markets in support of the efforts to implement the вЂњGreen CourseвЂќ of the European Union.
The 22,000-square-foot facility is expected to open in 2023, creating 350 new jobs as production increases.
вЂњThis initiative will accelerate the production of green hydrogen in Spain. We continue to make progress in our plan to bring Spain and Europe to the forefront of the world in this technology by reducing the consumption of fossil fuels while stimulating the economic and social revival of the country,вЂќ commented Ignacio Galan, CEO of Iberdrola, on the plans for the construction of the new plant.
This is not the first experience of cooperation between the two companies. Cummins and Iberdrola previously announced the construction of the Palos electrolysis plant in Andalusia with a capacity of 230 MW to produce green hydrogen for the needs of fertilizer producer Fertiberia.
According to the company, it has already installed more than 600 electrolyzers in 100 countries around the world.
Recall that in Europe's plans to abandon fossil fuels and achieve carbon neutrality by 2050, hydrogen occupies an important place вЂ” the EU has even adopted a special hydrogen strategy. This type of fuel began to penetrate into the industry and the household economy. But for hydrogen to become a competitive source of energy, it will need to increase its supply and deal with storage.