THE MOMENT FOR GREEN HYDROGEN IS NOW
GREEN HYDROGEN IS A NECESSITY
Alongside renewable electrification, in the integrated energy system of the future green hydrogen will play a critical role to replace fossil fuels in hard-to-abate sectors such as mobility, transport and some carbon intensive high temperature industrial processes, and to replace fossil-fuel derived hydrogen in oil refining, ammonia-based fertilizers and other petrochemicals.
€10 trn
of capex required to 2050, of which €400bn by 2030 in Europe.
€10 trn
of hydrogen sales by 2050.
€15 trn
of the Primary Energy Mix from 2% today.
Goldman Sachs
“Green Hydrogen: The next transformation driver of the Utilities industry”.
>8,000x
increase in electrolyser market.
100%
increase in power demand.
IBERIA IS THE PERFECT LOCATION FOR CLEAN ENERGY AND GREEN HYDROGEN DEVELOPMENT
Iberia has high renewable energy resources across the technology spectrum, affordable land availability and a strong transmission system, paving the way for it to become the standout leader in the renewable sector. Under these conditions, Iberia has very favourable characteristics for the development and production of green H2.
The Iberian peninsula has many advantages:
Unique resource mix of extended solar hours, high solar irradiation, strong winds, and heavy rainfall.
Strong and well interconnected transmission network, with a unified electricity market (OMIE).
Population density strongly concentrated in urban areas resulting in a limited reach of the negative impacts of renewable developments.
Significant portion of land with no current added value use, resulting in low prices and high availability of large plots of land.
Supportive Government with targets for green H2 production and deployment in Spain by 2030 included in “Ruta del Hidrógeno Verde”: 4GW of electrolyser capacity to produce 300-600k tons of green H2 annually, and 150-200 HRS operational to fuel hydrogen-powered vehicles.
Robust H2 transport and storage infrastructure, including pipelines such as the planned H2MED that will connect Spain, Portugal, France and Germany, supporting the domestic H2 economy and potential exports. Iberia, is set to become a regional leader in renewable development and green H2 production over the next decade as a result of a mix of unique characteristics that set it apart in Europe.
Lower production costs
Hydrogen production costs in Spain are ~40% lower than in Northern Europe.
Favourable climatic conditions
With abundant solar and wind resources that will help green hydrogen produced in Spain to be one of the most competitive at European level.
Infrastructure and Connectivity
Infrastructure and connectivity, on land and sea.
Governmental Commitment and Support Policies
In Spain there is the "Hydrogen Roadmap: with a target of 4GW installed by 2030.
H2MED Network
Development of H2MED, a green hydrogen network that will connect Portugal, Spain, France and Germany by 2030.
HYDROGEN WILL FLOW FROM SPAIN TO CENTRAL & NORTHERN EUROPE
Spain will become the main hydrogen exporter in Europe.
• Some central and Northern European countries have limited potential to increase renewable capacity (wind and solar resource, physical space…) and will need to import renewable energy to comply with decarbonisation targets.
• Spain has huge capacity for additional renewables from both wind and solar technologies, as well as low green hydrogen generation costs and a strategic location to export green hydrogen competitively.
• Spain will be connected to Europe through the H2MED and the H2 infrastructure planned as part of the European Hydrogen Backbone initiative (EHB). The EHB initiative aims to accelerate Europe’s decarbonisation defining the critical role of H2 infrastructure – based on existing and new pipelines – enabling the development of competitive, liquid, pan-European renewable hydrogen market.
GLOBAL ADDRESSABLE GREEN HYDROGEN MARKET BY 2050
Hydrogen is going to become an international commodity, countries with abundant capacity to generate this renewable energy will be the main exporters of this product.
