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enagas-commits-e3-13bn-to-hydrogen-infrastructure-overtaking-gas-assets-by-2030
CEO Arturo Gonzalo © Enagás
enagas-commits-e3-13bn-to-hydrogen-infrastructure-overtaking-gas-assets-by-2030
CEO Arturo Gonzalo © Enagás

Enagás commits €3.13bn to hydrogen infrastructure, overtaking gas assets by 2030

Spanish network operator Enagás has said it will invest €3.13bn ($3.26bn) into hydrogen by 2030 to make the molecule its dominant energy asset, surpassing natural gas.

The company said green hydrogen infrastructure would be its “main growth driver” and account for 83% of its $4.03bn six-year investment plan.

In doing so, Enagás believes it will enable 9.5% compound annual EBITDA growth between 2026 and 2030.

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