19 Nov 2020

Nel and Iberdrola Partner on Large-Scale Green Hydrogen Project

19 Nov 2020  by Molly Burgess   

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.”

Today’s news follows Iberdrola’s announcement back in November that Nel would be the preferred partner for the delivery of a 20MW PEM electrolyser facility in Puertollano.

Ignacio Galán, Chairman and CEO of Iberdrola, added, “This initiative will accelerate the production of green hydrogen in Spain and will create a new industry, the manufacturing of electrolyser systems, with high growth potential.”

“We continue to make progress in our ambitious plan to put Spain and Europe at the global forefront of this technology by reducing energy dependence and fossil fuel consumption while driving the country’s economic and social revitalisation.”

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