Iberdrola Committed to Push Green Hydrogen Production

Iberdola is planning to create a new business unit with the aim of positioning the group as a world leader in green hydrogen production. The company will use 100% renewable electricity in the electrolysis process, thus responding to the electrification and decarbonization needs of sectors such as industry or heavy transport.

Iberdrola has already taken first steps, with ambitious projects in Spain and the United Kingdom. With an investment of €150 million and nearly 700 jobs to be created, the company is developing in Puertollano (Ciudad Real) the largest green hydrogen plant for industrial use in Europe which will be commissioned in 2021. In the UK, through its subsidiary ScottishPower, Iberdrola is participating in the 'Green Hydrogen for Scotland' project, which will implement a network of green hydrogen production plants to supply fleets and heavy transport. The first of these will be located on the outskirts of Glasgow and will use solar and wind energy to operate a 10-MW electrolysis unit.

Galán said: "I only know one way to overcome the crisis: to invest more in forward-looking industries and become more productive and efficient. The recovery plans announced in Europe and the rest of the world have two clear priorities: the 'green deal' and digitalization. But we have to accelerate them".