Iberdrola to set up supply chain for green hydrogen in Europe

In order to support the decarbonisation of hard to abate sectors where electrification is not enough, Iberdrola wants to help develop the green hydrogen market. With two real projects built in 2022 in Spain (a 2.5 MW hydrogen refuelling station for buses in Barcelona and a 20 MW green hydrogen plant in Puertollano for the industry of fertilizers – Europe’s largest industrial electrolyser at the moment), the Company pioneers this technology and aims to globally install 3,000 MW of electrolysers by 2030 with a production of 350,000 tons of green hydrogen.

Iberdrola has identified the Netherlands as a key market to develop the green hydrogen economy since it is Europe’s second largest consumer of hydrogen after Germany. Likewise, the Port of Rotterdam is poised to become Europe’s hydrogen hub and is working on setting up the infrastructure and services for facilitating hydrogen flows. Together with exporting countries, it wants to supply North Western Europe with up to 4.6 million tonnes annually by 2030.

The Memorandum of Understanding signed between Iberdrola and the Port of Rotterdam includes the potential establishment of a supply chain to ship hydrogen and other derivatives produced by Iberdrola in different geographies to the Port of Rotterdam for its distribution to off-takers in the Netherlands and other countries in Northern-West Europe (namely, Belgium and Germany), as well as connecting with port service providers.