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EIB and ICO invest €88m to develop ‘one of the largest’ green hydrogen production plants for industrial use in Europe
EIB and ICO invest €88m to develop ‘one of the largest’ green hydrogen production plants for industrial use in Europe

EIB and ICO invest €88m to develop ‘one of the largest’ green hydrogen production plants for industrial use in Europe

The European Investment Bank (EIB) and ICO have signed an agreement with Iberdrola to develop “one of the largest” green hydrogen production plants for industrial use in Europe.

With a capacity of 20MW, the green hydrogen project will utilise 100MW of photovoltaic energy in order to generate the clean energy carrier.

This could be vital for the growing European hydrogen community with industrial-scale hydrogen entering the market and providing a basis to decarbonise further sectors in the EU.

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