Spanish utility company says it will invest €3bn in green hydrogen

Iberdrola Chairman, Ignacio Galán has announced that the company will invest €3bn ($3.2bn) in green hydrogen to accelerate the ‘European Green Deal’.

Speaking at the World Economic Forum yesterday (May 25), in Davos, Switzerland, the Chairman of the Spanish utility company highlighted the industrial opportunities green hydrogen brings.

The Iberdola boss stated, ‘we cannot miss this train’ and stressed a stable regulatory framework is required to attract investment.

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