Iberdrola presents green H2 project for Basque Country industry

Spanish utilities group Iberdrola SA (BME:IBE) on Wednesday announced that it is promoting a project to build green hydrogen filling stations in the Basque Country and help decarbonise transport, port and airport operations and industry in Spain’s northern region.

The project, named Y Vasca de Hidrogeno Verde (YH2), will represent an investment of over EUR 37 million (USD 45.2m) and involve the construction of 10 MW of electrolysers and three on-site photovoltaic (PV) plants. Iberdrola would further feed the electrolysers with its own supply of renewable power, it said.

The set-up is seen to produce 4,000 kilogrammes of green hydrogen per day. The possibility to incorporate battery storage to absorb the excess PV production is also being considered.

Three hydrogen filling stations will be built at logistics centres in Vitoria, Bilbao and Pasaia, to connect the three locations into a corridor. The project is designed to be modular with room for a scale up, and for public use. The object is to decarbonise heavy-duty land transport, buses and light commercial vehicles, the chemical industry, ports and airports in the Basque Country region.

The project is fully supported by the Basque Country government, the governments of the regions’s three provinces -- Araba, Bizkaia and Gipuzkoa -- the city council of Vitoria-Gasteiz, the ports of Bilbao and Pasaia, and 16 companies.

Funding for the project is sought under the NextGenerationEU coronavirus recovery instrument.

(EUR 1.0 = USD 1.220)

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