Industrial groups explore €270 green hydrogen project in Spain
Fusion Fuel Green Plc, an Irish HQ energy company, is exploring an opportunity to produce green hydrogen with two Spanish companies Grupo Industrial CL and EREE Desarrollos Empresariales SL.
The proposal has already been sent to the Fondo Europeo de Recuperacion: Hidrogeno Renovable (European Recovery Fund: Renewable Hydrogen). If accepted, the construction works on the €270 million project would start by 2022 with operation in 2023.
The firms envisage producing 40,000 tonnes of green hydrogen by employing Fusion Fuel micro-electrolyser technology. The partners will utilise the hydrogen in a 100,000 tonnes carbon dioxide (CO2) capture processing plant to produce up to 35,000 tonnes of synthetic fuel. Synthetic fuel, which is also called e-fuels, is generated solely by using renewable energy.
Fusion Fuel has its own micro-electrolyser technology which works with solar energy to produce green hydrogen. Fusion Fuel sees Spain as an ideal place for its technology due to its high solar resources. Fusion Fuel is also working on the GreenGas project, in the Evora, Portugal, once completed, it will be the country first large scale green hydrogen plant based on solar energy.
The Spanish government is very supportive of the hydrogen industry. Last year, it announced to spend €1.5 billion from European recovery funds for the development of green hydrogen over the next three years. The Spanish government has allocated €100 million in this year’s budget to support hydrogen-related projects.
Unlike biofuels, e-fuel does not compete with food products and can be produced utilising carbon dioxide captured from the air or industrial exhaust gases.
