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Endesa wants to invest €2.9bn in 23 hydrogen projects

Endesa wants to invest €2.9bn in 23 hydrogen projects

Spanish utility Endesa on Monday (1st Feb) said it wants to invest €2.9bn in 23 green hydrogen projects which would be powered by 2GW of renewable energy.

In a statement, the company said it has presented the plans to the Spanish Government as it shows “clear commitment to green hydrogen as a key in the energy transition process and the decarbonisation of the economy”.

The plans, which span the entire hydrogen value chain from production to consumption, would build electrolysers with an overall capacity of 340MW, fed with 2GW of renewable energy.

“These are objectives that we have been working on for years and that have marked our strategy of progressive replacement of thermal generation with renewable generation,” said Rafael González, General Director of Generation at Endesa.

Endesa said these projects would contribute to the first phase of the Spanish hydrogen roadmap, launched by the government last year.

Read more: Spanish Hydrogen Roadmap approved


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