Spain mobilized to claim to be the world’s first ‘centre’. renewable hydrogen of the world. Energy groups, industrial companies and Governments are working to create the ecosystem necessary to embrace the green hydrogen revolution with no CO2 emissions by using electricity from renewable energies for its production. part of energy transition from the country.
Pedro Sánchez Government offered take advantage of manna european funds to direct this structure, which consists of research, development, production and use cases of new energy. It has already run five aid programs for green hydrogen-related projects under the Execution, Recovery, Transformation and Resilience Plan (PRTR) and has faced a flood of real demands that far exceeded the planned budget. And now he offers to give a new impulse with another millionaire pack your help.
The Ministry of Ecological Transformation, through the Energy Diversification and Savings Institute (IDAE), has already carried out joint budget subsidy distribution processes of 340 million euros to finance some of the companies’ projects. The department, commanded by Vice President Teresa Ribera, is rushing ahead of the early 23J elections and launching a new aid program for others. additional 150 million before the end of the legislature.
Pioneers II
The government has launched the second edition of its incentive program for pioneering renewable hydrogen projects to promote innovative projects with commercial viability for local production and consumption of green hydrogen. specific to the industries decarbonization it is more difficult with electrification, as in some sectors of large industry or heavy transport.
In the first edition of the aid scheme for pioneer projects, subsidies were granted to 19 projects, but 746 million applications for aid snowballed, five times the expected amount out of a total of 127 applications. Subsidized projects include some from Iberdrola, EDP, Cepsa, Enagás Renovable or Redexis, with aid of between 4 and 15 million for each of the initiatives involving green hydrogen production projects for the chemical industry or change natural gas for use in other industrial processes or heavy mobility.
The five grant programs activated so far (not counting the one announced this Tuesday) have distributed 340 million in aid from the Ministry of Ecological Transition, but calls have drawn an avalanche of petitions demanding more than 1,100 million euros in aid, more than three times over. What was budgeted? These five programs have provided assistance to a total of 63 projects so far. 200 startups those who choose to receive subsidies from the European funds of the Recovery Plan, which mandates comprehensive screening of applications.
lead the explosion
Spain wants to join the anticipated boom in renewable hydrogen. Energy groups are preparing dozens of green hydrogen production plant projects; industrial groups are looking for ways to recycle their production processes for use, or how to be used as a fuel in all kinds of transportation; and the Government is promoting a network of major hydro channel corridors, both domestic and international, to transport future energy.
A year ago, the Government announced a 16,000 million private sector investment, initially equipped with 6,900 million euros of European funding and later expanded to 7,900 million euros. As part of the plan, 1,555 million public funds were allocated in renewable hydrogen to mobilize another 2,800 million private capital to have a relevant role in Spain’s green hydrogen revolution.
The executive prepares an update of the National Integrated Energy and Climate Plan (PNIEC), which will be established and is the roadmap for decarbonization by 2030. What technologies will it be? electric in the next ten yearsand he predicted it would raise the renewable targets set so far, as well as those for green hydrogen. Currently, with the current plan, Spain aims to reach 4 gigawatts (GW) of green hydrogen production capacity by 2030, which means keeping 10% of the target set so far in the hydrogen strategy of the European Union. the whole continent.