HyDeal España is the first industrial implementation of the HyDeal Ambition platform, which was recently ranked by the International Renewable Energy Agency (IRENA) as the largest giga-scale renewable hydrogen project globally¹. 

The HyDeal España project will manage the development, funding and construction of renewable hydrogen production and transmission infrastructures. It will also deliver competitive renewable hydrogen to an industrial complex in Asturias from facilities based in Northern Spain. HyDeal España was officially incorporated as an industrial JV in November 2021 following a one-year prefeasibility study. 

Anchor sponsors include ArcelorMittal, Enagás, Grupo Fertiberia and DH2 Energy. Production is planned to start in 2025 and total installed capacity expected to reach 9.5 GW of solar power and 7.4 GW of electrolyzers by 2030.

ArcelorMittal and Grupo Fertiberia – together with other large hydrogen clients set to join the project - plan to purchase 6.6 MMt of renewable hydrogen over 20 years (avoiding annually the equivalent of 4% of current Spanish CO₂ emissions) to produce green steel, green ammonia, green fertilizers, and other low-carbon industrial and energy products, positioning the companies as European leaders on their respective markets. The direct connection of mass-scale renewable hydrogen production and long-term bankable consumption create enormous value for the system.

HyDeal España has developed a disruptive industrial and financial model based on value chain integration, captive solar power, electrolyzer industrialization, dedicated hydrogen pipelines as well as demand aggregation, which will give it a decisive cost advantage. Mass-scale renewable hydrogen will sustainably replace fossil fuels in industry, energy and mobility and will provide Spain with a domestically produced, secure, competitive and zero-carbon energy, steel and food supply alternative. The project aims to provide the equivalent of 5% of Spain’s natural gas imports, contributing to the country’s energy independence. Spain's green energy transformation is at a tipping point, bringing about industrial revival and sustainable jobs in collaboration with local communities, fulfilling the ambitions of its government to make the country a global pioneer, fully in line with Europe’s Fit for 55 agenda. 

"HyDeal España is the first concrete implementation of the 1.5 €/kg green hydrogen system announced in February 2021. We bring a historic message to all energy users: green hydrogen is not just about small and local expensive projects," said Thierry Lepercq, Chairman of the joint venture and spokesperson for HyDeal Ambition. "It is now a full-fledged commodity, able to compete with coal, oil and natural gas in both costs and volumes, the perfect weapon at scale against the climate crisis and skyrocketing energy prices." 

¹https://irena.org/-/media/Files/IRENA/Agency/Publication/2022/Jan/IRENA_Geopolitics_Hydrogen_2022.pdf