everything we know about HyDeal Spain

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Asturias has been chosen to start the largest renewable hydrogen project in the world, as defined by the International Renewable Energy Agency (IRENA). HyDeal Spain is the first part of a large-scale initiative where France and Germany will also participate. The objective? Obtain 6.6 million tons of green hydrogen over the next two decades, avoid the equivalent of 4% of current CO2 emissions and supply the equivalent of 5% of the natural gas imported by Spain.

This is what we know about HyDeal, an ambitious hub that will place Spain as a benchmark in the production of green hydrogen. A huge project that is driven by ArcelorMittal, the steel giant, Enagás, the fertilizer producer Fertiberia and DH2 Energy. Four of the 30 companies that have come together in a joint venture to develop green hydrogen, facilitate its transport and use it for the industrial sector.

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200,000 tons of hydrogen per year from Asturias from 2026. HyDeal Spain will have a capacity of 9.5 GW for solar energy and 7.4 GW of electrolysis power by 2030. The plan is for the project to start operating in 2025, reaching a production of some 200,000 tons of hydrogen per year by from 2026 and reach 330,000 tons in 2030. This data is the Spanish part of the European HyDeal initiative, which aims to have up to 67 GW of capacity.

Hydrogen for the fertilizer factory in Avilés and those of ArcelorMittal. The first stage of this project is to supply the plant that Fertiberia has in Avilés, as well as the ArcelorMittal factories in Avilés and Gijón. The two companies will be the buyers of the hydrogen that will be produced in the region, both by electrolysis and by solar plants located in different areas of northern Spain.

30 participating companies. Among the participants at European level are different companies. In addition to those named, we have the following:

  • Solar developers: DH2/Dhamma Energy (Spain), Falck Renewables (Italy), Qair (France)
  • Electrolysis OEMs and Engineering, Procurement and Construction suppliers: McPhy Energy (France), VINCI Construction (France), Envision Digital.
  • Gas transmission network operators (Gas TSOs): Enagás (Spain), OGE (Germany), SNAM (Italy), GRTgaz (France), Teréga (France)
  • Energy and industrial groups: Gazel Energie subsidiary of EPH (France), Naturgy (Spain), HDF Energie (France)
  • Infrastructure fund: Cube, Marguerite, Meridiam
  • Consultants and advisors: European Investment Bank, Corporate Value Associates (CVA), Clifford Chance, Cranmore Partners, Finergreen, Envision Digital, Energy Web

A competitive cost at the level of gasoline: €1.5/kg of hydrogen. “We launched a historic message to all energy users: green hydrogen is not just about small, local and high-cost projects. It is now a complete product, capable of competing with coal, oil and natural gas both in It is the perfect large-scale weapon against the climate crisis and skyrocketing energy prices,” explains Thierry Lepercq, President of HyDeal Ambition.

The ambition of this project is to offer green hydrogen at 1.5 euros per kilogram, before 2030. That is, a price equivalent to the current one with fossil fuels. HyDeal is not the only green hydrogen initiative in Spain. In the case of Iberdrola joined the ‘Green Hydrogen Catapult’sponsored by the United Nations and with the idea of ​​deploying 25 GW in 2016, at a price of less than two dollars per kilo.

Currently, according to data from the International Energy Agency, with a kilo of green hydrogen about 33.3 kWh are obtained, but its price is between 3.5 and 5 euros. More than double what HyDeal intends to achieve.

Why Asturias? In response to The EconomistLepercq explains that “we are not going to the south of Spain for two main reasons: we need to be close to Asturias and the water, something that the Bay of Biscay and the Pyrenees can provide us with”.

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Asturias has been chosen to start the largest renewable hydrogen project in the world, as defined by the International Renewable…

Asturias has been chosen to start the largest renewable hydrogen project in the world, as defined by the International Renewable…

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