The Fort Worth Press - 'Impossible to keep track': Spain's gamble on green hydrogen

USD -
AED 3.67305
AFN 63.500068
ALL 79.869835
AMD 363.460172
ANG 1.790365
AOA 917.000203
ARS 1514.226905
AUD 1.406084
AWG 1.80125
AZN 1.698292
BAM 1.706252
BBD 2.014735
BDT 122.843521
BGN 1.683441
BHD 0.376975
BIF 3000
BMD 1
BND 1.274916
BOB 11.003708
BRL 5.1092
BSD 1.000301
BTN 95.56554
BWP 13.547596
BYN 3.03039
BYR 19600
BZD 2.011865
CAD 1.40745
CDF 2311.000191
CHF 0.820965
CLF 0.023993
CLP 947.430113
CNY 6.699799
CNH 6.69874
COP 3209.17
CRC 446.324973
CUC 1
CUP 26.5
CVE 96.197131
CZK 21.2815
DJF 177.719993
DKK 6.534525
DOP 59.250224
DZD 133.913705
EGP 51.547653
ERN 15
ETB 161.774656
EUR 0.87414
FJD 2.238205
FKP 0.747949
GBP 0.749995
GEL 2.595024
GGP 0.747949
GHS 11.570347
GIP 0.747949
GMD 73.497903
GNF 8757.500575
GTQ 7.633554
GYD 209.220461
HKD 7.843945
HNL 26.851323
HRK 6.587804
HTG 130.739368
HUF 316.359501
IDR 17826
ILS 3.014602
IMP 0.747949
INR 95.55785
IQD 1310.441394
IRR 1374849.999988
ISK 120.979944
JEP 0.747949
JMD 157.757218
JOD 0.70898
JPY 157.369501
KES 129.450262
KGS 87.450258
KHR 4052.000124
KMF 430.000514
KPW 900.000318
KRW 1357.790866
KWD 0.308601
KYD 0.833584
KZT 447.358319
LAK 22408.7241
LBP 89579.323882
LKR 329.228662
LRD 173.059223
LSL 16.226232
LTL 2.95274
LVL 0.60489
LYD 6.376417
MAD 9.55311
MDL 17.590327
MGA 4381.243184
MKD 53.670431
MMK 2099.019807
MNT 3596.806502
MOP 8.081186
MRU 40.053042
MUR 47.659781
MVR 15.459923
MWK 1734.612868
MXN 17.3004
MYR 4.075198
MZN 63.898252
NAD 16.225949
NGN 1323.820074
NIO 36.815543
NOK 9.446275
NPR 152.891351
NZD 1.74708
OMR 0.384488
PAB 1.000305
PEN 3.379266
PGK 4.456251
PHP 62.566032
PKR 277.214494
PLN 3.80185
PYG 5952.427688
QAR 3.636364
RON 4.612503
RSD 102.621036
RUB 84.248932
RWF 1476.460299
SAR 3.755168
SBD 8.026013
SCR 13.776759
SDG 601.502952
SEK 9.84912
SGD 1.27545
SHP 0.74758
SLE 24.64972
SLL 20969.491881
SOS 571.640424
SRD 37.739709
STD 20697.981008
STN 21.373953
SVC 8.752852
SYP 13002.000254
SZL 16.221592
THB 33.140026
TJS 9.227964
TMT 3.5
TND 2.947861
TOP 2.40776
TRY 48.819499
TTD 6.797006
TWD 31.686599
TZS 2645.003045
UAH 44.815682
UGX 3901.400648
UYU 40.165583
UZS 11818.48716
VES 851.341299
VND 26015
VUV 118.301728
WST 2.751033
XAF 573.398087
XAG 0.014921
XAU 0.000229
XCD 2.702551
XCG 1.802851
XDR 0.707052
XOF 573.398087
XPF 104.043167
YER 236.550186
ZAR 16.196498
ZMK 9001.201861
ZMW 19.481788
ZWL 321.999592
SSP 5712.529845
MXV 1.960886
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

'Impossible to keep track': Spain's gamble on green hydrogen
'Impossible to keep track': Spain's gamble on green hydrogen / Photo: © AFP

'Impossible to keep track': Spain's gamble on green hydrogen

Major green energy projects are sprouting up across Spain as it seeks to position itself as a future green energy leader -- but experts have urged caution over costs and demand uncertainty.

Text size:

Spanish firms are ramping up production of emissions-free fuel and ploughing investment into green energy projects, despite fears over the high price of production.

"Everything is going very fast," said Miguel Angel Fernandez, technical director at the Spanish National Hydrogen Centre, a public research centre based in central Spain.

"There are so many projects, it is impossible to keep track of them all."

Most hydrogen is currently produced using polluting fossil fuels but so-called "green hydrogen" is made entirely using renewable energy such as wind, solar and hydropower.

While fossil fuels emit harmful greenhouse gases when they burn, hydrogen only emits water vapour.

Madrid launched a 1.5-billion-euro ($1.7-billion) plan in in 2021 to support green hydrogen projects, using a European Union Covid recovery fund.

Spain is now home to 20 percent of the world's green hydrogen projects -- second only to the United States.

Last year Spanish energy giant Iberdrola started operating what it says is the largest green hydrogen plant for industrial use in Europe, in the former mining town of Puertollano.

The plant uses 100 megawatts of solar panels to produce green hydrogen, which is stored in huge white storage tanks.

The initial goal is for it to provide 10 percent of the energy needed by a neighbouring factory belonging to fertiliser maker Fertiberia.

This will prevent the release of 48,000 tonnes of planet-warming carbon dioxide per year according to Iberdrola.

If the pilot project works, Iberdrola will launch a "much more important second phase" to meet 100 percent of the fertiliser plant's energy needs, said Javier Plaza, head of Iberdrola's green hydrogen division.

- Hydrogen valley -

Rival Spanish energy firms such as Cepsa and Repsol have in recent months launched similar projects.

In Spain's sunny southern Andalusia region, three billion euros is being invested to create a "green hydrogen valley" where two large factories will produce 300,000 tonnes of green hydrogen per year from 2027.

In the northern region of Asturias 15 solar power parks will be built by 2030 to enable the annual production of 330,000 tonnes of green hydrogen.

Rafael Cossent, research associate professor in energy economics at Madrid's Comillas Pontifical University, said there was an "effervescence" in the sector putting Spain in a leading role in green hydrogen production.

This is partly due to Spain's abundant sun and wind power capabilities, he added.

The Spanish Hydrogen Association estimates there are currently 50 green hydrogen projects under development in the country.

Spain could potentially produce enough green hydrogen to cover its own needs and export to northern Europe, the association argues.

- 'Long-term race' -

A major drawback for green hydrogen, however, has been the high cost of producing it.

While the price of the renewable energy used to make it has come down due to technological advances, green hydrogen has still not proven itself to be economically viable.

Massive use of green hydrogen will also require "complex transformations" by vehicles and industrial plants which make future demand for the fuel uncertain, said Cossent.

A green hydrogen economy will need a robust transportation infrastructure to transport it -- which Spain is currently lacking.

The government is counting on a planned underwater pipeline between Barcelona and Marseille, dubbed H2Med, which is expected to transport some two million metric tonnes of hydrogen annually.

Hydrogen is difficult to contain without leakage however, making it challenging to store and transport, so delays to the pipeline are widely expected.

But the giants of the green hydrogen market are undeterred.

Iberdrola's Plaza said it is important to get into green hydrogen early because "whoever starts first has the advantage".

"We are talking about a long-term race," he added.

W.Lane--TFWP