A consortium of 30 European companies launched a pioneering project called “HyDeal Ambition” (HyDeal Ambition), which is located in Spain and aims to provide hydrogen production from renewable energy at a price of 1.5 euros per kilogram by 2030 , Including transmission and storage.

In a joint press release, the two companies explained that after two years of confidential research and preparation, they have officially launched HyDeal Ambition. The plan is planned to be launched in 2022, and the goal is to reach 95 million kilowatts of solar power generation capacity and 67 million kilowatts of electrolytic power generation capacity by 2030. This means that 3.6 million tons of green hydrogen will be produced every year for energy, industrial and mobile users, and distributed through natural gas transportation and storage networks. This figure is roughly equivalent to Spain’s oil consumption in two months.

Enagás, the main natural gas transporter and operator in the Spanish territory, explained that the goal of HyDeal Ambition is not only the simple production of green energy, because its competitive cost enables it to be available to customers at a price of 1.5 Euro/kg by 2030 Green hydrogen. Enagás said: “In other words, the price is the same as the current fossil fuel price.”

The project is still in its early stages, and various agreements and cooperation with several of the 30 member entities of HyDeal Ambition are gradually being resolved. It is expected that about a year from now, Spain will conduct its first real event, launching a series of solar installations with a capacity of nearly 10 GW.

Thierry Lepercq, a spokesperson for HyDeal Ambition and the founder of Solardvent and Solairedirect, and the former deputy director of innovation at French energy giant Engie, emphasized that the plan “constitutes a complete industrial ecosystem that covers the entire green hydrogen value chain (Upstream, midstream, downstream and financial) is the result of two years of research, analysis, modeling, feasibility study and contract design, aiming to promote the production and supply of competitive green hydrogen in Europe.”

Participants of HyDeal’s ambition project include:

Solar energy developers: DH2 / Dhamma Energy (Spain), Falck Renewables (Italy), Qair (France).

Electrolysis OEM and engineering, procurement and construction suppliers: McPhy Energy (France), VINCI Construction (France), Envision Digital.

Gas transmission operators: Enagás in Spain, OGE in Germany, SNAM in Italy, GRTgaz in France, and natural gas transporters in Trega in France.

Energy and Industrial Group: EPH (France), Naturgy (Spain), HDF Energie (France)’s Gazel Energie subsidiary.

Infrastructure funds: Cube, Marguerite, meridian.

Consultants: European Investment Bank, Corporate Value Association (CVA), Clifford Chance, Cranmore Partners, Finergreen, Envision Digital, Energy Web.

This is not the first of its kind involving such a large consortium, but it is the most ambitious: Iberdrola announced at the end of last year the establishment of a global consortium to produce less than US$2/kg of green hydrogen (€1.65/kg : The green hydrogen catapult is sponsored by the United Nations, including ACWA, CWP Renewables, Envision, Iberdrola, Ørsted, Yara and Snam, and plans to deploy 25 GW of renewable energy-based green hydrogen production by 2026 and reduce the cost of green hydrogen Half to less than $ 2 / kg.

Since the Spanish government plans to reach 4 GW of installed electrolyzer capacity by 2030, and plans to invest 1.5 billion euros in the development of green hydrogen by 2023, many companies have announced their plans in this field.

Abengoa announced this week that as part of the European Grasshopper Program, it has completed the construction of a pilot plant to produce energy from green hydrogen.

Endesa plans to develop 2 gigawatts of renewable energy and 23 green hydrogen projects in Spain, with a total investment of 2.908 billion euros by 2024, electrolysis cells with a production capacity of 340 megawatts, and development of nationwide electrolysis cells and capital equipment manufacturing industry.

Repsol and Acciona will produce hydrogen in a floating photovoltaic power plant in Asturias, and Acciona will also participate in the launch of a green hydrogen plant in Mallorca along with Enagás, IDAE and Cemex.

Enagás and Naturgy are promoting Spain’s largest green hydrogen production plant: the project will be able to produce up to 9,000 tons of hydrogen per year from a 400 MW photovoltaic power plant and an electrolyzer up to 60 MW.

Iberdrola created a business unit dedicated to green hydrogen energy, and then announced its goal of covering 20% ​​of the national green hydrogen energy target by 2027: utilities and Fertiberia plan to reach 800 trillion by that year Watt green hydrogen energy.