New joint venture company Fusion Fuel Spain will develop and install green hydrogen plants in Spain, using Fusion Fuel’s cost competitive green hydrogen solution.
Formed as a result of a partnership between Fusion Fuel and EREE Desarrollos Empresariales SL, the new partnership will deploy micro-electrolyser technology to produce green hydrogen.
The announcement comes after Spain’s recently approved Green Hydrogen Strategy, which outlines targets of 4 GW of installed electrolyser capacity and 4.6 million tonnes in carbon emission reductions to be achieved by 2030.
Read more: Spanish Hydrogen Roadmap approved
Fusion Fuel said it believes Spain is an ideal market for its technology due to the region’s high average annual solar resource, which will enable it to produce highly competitive green hydrogen.
“We are very excited to kick-off this exciting partnership. We see the Iberian Peninsula as having enormous potential for cost competitive green hydrogen and we believe this joint venture positions us to capitalize on the multitude of emerging commercial opportunities in Spain,” said João Wahnon, Fusion Fuel’s Head of Business Development.
“Our aim is to develop a global footprint for Fusion Fuel and we see Spain as a natural first step in that expansion, following our initial foray in Portugal.”
Javier Esteban, EERE’s Partner, added, “We see great potential to meet Spain’s green hydrogen objectives and believe Fusion Fuel’s technology is perfectly suited to leverage Spain’s excellent solar resource for delivering green hydrogen at a competitive price in the next few years.”