Renewco Power and INDHO Unveil Indhyco: A Green Hydrogen Development Platform in Spain
Key Ideas
- Renewco Power and INDHO have formed a joint venture, Indhyco, exclusively focusing on green hydrogen projects in Spain, with a goal to develop 1 GW of projects within five years.
- Indhyco emphasizes efficient production of green hydrogen close to the source of consumption, leveraging renewable power generation and industrial demand.
- Renewco brings expertise in renewable energy projects across Europe and the US, while INDHO contributes unique knowledge and experience in the Spanish green hydrogen sector.
- The partnership aims to address industrial decarbonisation demands and reduce harmful emissions in the energy industry through the production of green derivatives, leveraging the expertise of industry pioneers in Spain.
Renewco Power, headquartered in the UK, and INDHO, a green hydrogen developer based in Ciudad Real, Spain, have announced the launch of Indhyco, a platform dedicated to green hydrogen projects in the Spanish market. Indhyco's focus is on developing 1 GW of green hydrogen projects within five years, targeting industrial consumption by efficiently producing hydrogen near its point of use with renewable energy sources. Renewco's experience in renewable energy projects across Europe and the US complements INDHO's expertise in the Spanish green hydrogen sector. The alliance aims to accelerate the development of green hydrogen projects to address decarbonisation demands and reduce emissions in the energy industry. With key leaders in the green hydrogen sector involved, Indhyco is poised to make a significant contribution to the transition towards sustainable energy solutions.
Topics
Production
Renewable Energy
Green Projects
Partnership
European Market
Joint Venture
Spain
Industrial Consumption
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