Envision Energy has revealed plans to invest $1bn in a green hydrogen industrial park in Spain, aiming to foster the production of green hydrogen and related equipment. Working in collaboration with the Spanish government and European business leaders, Envision intends to develop a park hosting companies dedicated to researching, designing, and manufacturing equipment like electrolysers and air separation units for ammonia production. These electrolysers will be pivotal in producing green hydrogen, which can be stored as ammonia for various applications. The park, expected to commence operations in 2026, will boast 5GW of electrolysis capacity, contributing significantly toward Spain's goal of reaching 11GW by 2030 and is projected to create 1,000 job opportunities. During the signing of the memorandum of understanding, Envision's founder expressed optimism about Spain's potential to lead in green hydrogen production, while Spanish President Pedro Sánchez acknowledged the pivotal role of such investments in building a sustainable future. This initiative from Envision follows their previous commitment to constructing an EV battery gigafactory in Spain, showcasing their dedication to green energy ventures.