Iberdrola to invest 3,000 million euros in green hydrogen

Sanchez Galan said green hydrogen is now Europe’s biggest challenge and an opportunityand a stable European framework should be designed to encourage investment in this technology.

Green hydrogen in energy uses that are difficult to electrify it will bring great industrial opportunities and you can’t miss that trainthis requires investment and a stable regulatory framework, he said.

He also noted that coordinated action by the European Union (EU) is necessary to achieve ambitious targets in green hydrogen, which includes multiplying the generation capacity of this renewable energy by 2,000.

Iberdrola opened on 13 May Largest green hydrogen plant in Puertollano (Ciudad Real) It will produce 3,000 tons per year for industrial use in Europe.

Moreover, The company has a portfolio of these projects. energy, which will require a total investment of 9 thousand million euros.

Green hydrogen investments announced this Wednesday by Iberdrola have been accepted In the framework of the signing of the manifesto to accelerate the European Green Deal The company reported tensions in the energy markets by the CEOs of the Action Group for the European Green Deal.

In the manifesto, group members expressed their willingness to work with policymakers to transform Europe into a greener continent, transforming energy needs and global food security risks into economic opportunities.

Likewise, group members reinforced their commitments. Accelerating Europe’s green transition and support European governments to develop appropriate policies for this purpose.

The European Green Deal, adopted in 2020, aims to reduce greenhouse gas emissions in the EU by at least 55% by 2030 and eliminate them completely by 2050.