Spain drops bp, Iberdrola and EDP from €1.2bn Hydrogen Valley Programme
Seven of the original 16 projects will secure funding, including CIP’s 500MW Catalina plant and Moeve’s 500MW initiative in the Andalusian Hydrogen Valley.
Seven of the original 16 projects will secure funding, including CIP’s 500MW Catalina plant and Moeve’s 500MW initiative in the Andalusian Hydrogen Valley.
The letter urged the US Government not to miss this “hydrogen moment,” calling for the continued support of the Section 45V tax credit to secure investment and industry growth.
The EU approved the project as vital to the REPowerEU plan, with a claw-back mechanism in place to reclaim excess profits if it outperforms expectations.
Spain’s hydrogen valley programme backs green hydrogen projects from Repsol (250MW), Moeve (400MW), bp (200MW) and Enagás/CIP (500MW).
The PAC has said the UK Government’s backing of unproven, first-of-a-kind carbon capture technology to reach Net Zero is high risk and more work on the programme’s affordability for taxpayers and consumers is needed.
The facility will convert imported green ammonia into hydrogen for industrial decarbonisation, power generation and supplying refuelling stations across the UK.
Scale Gas Solutions, Aéroports de Lyon, and Air Products lead the funding allocations, securing €8m, €7.5m, and €6.3m, respectively, for hydrogen infrastructure projects.
Scotland’s First Minister John Swinney has said the H100 Fife project is a “shining example” of the nation’s Net Zero ambitions.
The initial HyLion pilot is expected to produce over 9,000 tonnes of hydrogen and 45,000 tonnes of e-methanol annually for use in automotive, aviation and maritime industries.
From 2030, ACWA Power will deliver up to 200,000 tonnes of green hydrogen annually to Europe through a Memorandum of Understanding with SEFE.
