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Nel and Iberdrola partner on large-scale green hydrogen project

Nel and Iberdrola partner on large-scale green hydrogen project

Nel Hydrogen Electrolyser and Iberdrola will develop a green hydrogen production plant with a capacity of more than 200 MW in Spain as part of a new partnership.

The companies today (18th Nov) signed a Memorandum of Understanding (MoU) for the collaboration, through which they hope to develop a green hydrogen technology value chain in country.

Commenting on the announcement, Jon André Løkke, CEO of Nel, said, “We are honoured that Iberdrola wants to work more closely together with us on electrolyser projects in the 100 MW scale and beyond. Just as Iberdrola in the past successfully contributed to developments in the wind industry, they are now doing the same within hydrogen.”

“Getting visibility on significant off-take volumes and working together on the value chain through scale-up, will contribute massively to the overall cost reductions. Iberdrola and Fertiberia shares the same target with Nel, namely making green hydrogen competitive to fossil hydrogen, we see this cooperation as a solid step in the direction of succeeding just that.”

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