EU awards HyFive €28.7m to develop three green hydrogen plants in Spain and Germany

Spanish green hydrogen developer HyFive has been awarded €28.7m ($30.9m) in EU funding for three projects in Spain and Germany.

Secured during 2023, the subsidies will be used for two green hydrogen production projects in Spain and one mobility-related hydrogen plant in Germany, representing 75MW of operation capacity.

Awarded through the NextGenerationEU programme, the largest project to receive the funding is a 50MW green hydrogen plant that will feed into a 100,000 tonne e-methanol plant in the north of Spain – which could have its capacity doubled in a second phase.

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