KKR and IGNIS have announced a partnership to establish IGNIS P2X, a platform dedicated to developing green hydrogen and ammonia projects for industrial use in challenging sectors. This collaboration involves KKR's investment of up to €400 million to support the construction of future projects. IGNIS P2X will focus on green hydrogen, ammonia, e-methanol, e-fuels, and SAF production plants, catering to major corporations in refining, steel, chemicals, and fertilizer industries. The platform will also incorporate traditional renewable energy sources like wind and solar power. The projects are strategically positioned near prominent off-takers, offering technology solutions for decarbonizing hard-to-abate sectors. IGNIS P2X plans to manage a pipeline of around 20 GW of power-to-x projects in Spain and other selected countries, along with over 10 GW of advanced renewables in Spain and globally. Antonio Sieira, CEO of IGNIS, highlighted the company's commitment to integrating renewables across the value chain and delivering solutions for energy-intensive sectors. Ryan Miller, Managing Director of KKR's European Infrastructure team, expressed confidence in the platform's ability to drive the decarbonization of heavy industries on both local and international scales, supported by favorable regulatory conditions and strong corporate partnerships.