After two years of investigation and confidential preparation, a group of 30 leading energy sector players officially launch the HyDeal Ambition, a pioneering project that will be based in our country and will provide 100% green hydrogen throughout Europe at a competitive price.
This pioneering initiative, based on the production of green hydrogen generated by solar electrolysis in the Iberian Peninsula, is scheduled to start in 2022 and aims to reach a capacity of 95 gigawatts (GW) of solar and 67 gigawatts (GW) of electrolysis by 2030. In this way, the project foresees the annual production of 3.6 million tons of green hydrogen for energy users, industry and mobility, through the gas transport and storage network, an amount equivalent to approximately two months of oil consumption in Spain.
But HyDeal Ambition’s industrial innovation goes beyond simply producing truly green or climate-friendly energy, as its competitive cost will make it more accessible to consumers than ever before. This initiative has set the goal of offering green hydrogen to customers at € 1.5 / kg*, before 2030, that is, at the same price as current fossil fuels, driving the transition towards a carbon neutral economy.
HyDeal Ambition brings together visionary CEOs and entrepreneurs, who share a determination to accelerate the energy transition. This initiative constitutes a complete industrial ecosystem, covering the entire green hydrogen value chain (upstream, midstream, downstream and finance), and is the result of two years of research, analysis, modeling, feasibility studies and contract design, aimed at enabling the production and supply of competitive green hydrogen in Europe ”, explains Thierry Lepercq, spokesperson for HyDeal Ambition.
Currently, the project is in a phase of promotion for different agreements and collaborations in which several of the 30 entities that make up HyDeal Ambition participate, with the anticipation of starting the activity in Spain within a year through the launch of a set of solar installations with a capacity close to 10 GW.
According to the CEO of Enagás, Marcelino Oreja, “the role of European operators that, like Enagás, participate in the ‘HyDeal Ambition’ initiative, is fundamental. To achieve a just energy transition that fosters sustainable industry and skilled employment in Europe, it is necessary to make non-electric renewable energies competitive. In this area, it is important to have efficient energy infrastructures that allow equitable access to green hydrogen throughout Europe ”.
For his part, Leyre de Adrián, Global Head of Naturgy New Energies, has indicated that “it is of vital importance that large energy companies such as Naturgy participate in initiatives such as HyDeal, which contribute to reducing hydrogen costs. This energy vector will undoubtedly play a fundamental role in the industrial competitiveness of the future and in the decarbonization of the gas sector and of the European economies ”.
In the words of Philippe Esposito, president of Dhamma Energy, “the Hysencia project, the first project developed by DH2 / Dhamma Energy in Spain (Aragon), will allow the supply of renewable hydrogen at a competitive price from September 2022. This initiative, pioneer in The green hydrogen sector, due to its scale (40 MW), is a demonstration of the great opportunity that the production of green hydrogen represents for Spain, putting in value the renewable resources of our country and positioning Spain at the head of Europe in the reduction of greenhouse gas emissions “
Project participants
Among the participants that make up the HyDeal Ambition project are important companies from different fields, all of them related to the energy industry.
- Solar Developers: DH2 / Dhamma Energy (Spain), Falck Renewables (Italy), Qair (France)
- Electrolysis Original Equipment Manufacturers and Engineering, Purchasing and Construction Suppliers: McPhy Energy (France), VINCI Construction (France), Envision Digital.
- Gas transmission network managers (Gas TSOs): Enagás (Spain), OGE (Germany), SNAM (Italy), GRTgaz (France), Teréga (France)
- Energy and industrial groups: Gazel Energie subsiduary of EPH (France), Naturgy (Spain), HDF Energie (France)
- Infrastructure fund: Cube, Marguerite, Meridiam
- Consultants and advisers: European Investment Bank, Corporate Value Associates (CVA), Clifford Chance, Cranmore Partners, Finergreen,Envision Digital, Energy Web.