Envision Energy Co., a Chinese company, is set to establish a $1 billion green hydrogen industrial park in Spain to support the country's efforts to reduce greenhouse gas emissions. The project involves the production of electrolyzers that extract hydrogen from water using electricity, with the park being powered by renewable energy sources including solar, wind, and biomass. Envision, in collaboration with the Spanish government, plans to locate a suitable site for the park and commence construction by the first half of 2026. Spain, known for its abundant sunshine, views green hydrogen and ammonia as promising avenues for decarbonizing heavy industries that cannot easily transition to electric power. Despite the potential benefits, the uptake of green hydrogen has been hindered by the need for companies to invest in new equipment. Envision's project aims to address this by supplying electrolyzers and equipment for green ammonia production. The park's construction is expected to significantly contribute to Spain's target of achieving 5 gigawatts of electrolysis capacity by 2030. Envision Energy specializes in wind turbines, batteries, and clean energy solutions for industrial consumers, further emphasizing its commitment to sustainable energy practices.