bp's 2GW hydrogen production project at the Castellon refinery in Spain, known as HyVal, has received final investment approval. The project aims to produce industrial-scale green hydrogen by 2030, with the first phase targeting at least 200MW of electrolysis capacity. This initiative is part of a public-private collaboration led by bp, expected to be operational by 2027. The project aligns with Spain's energy transition plans, as the government announced a €2.3bn package to support green hydrogen and renewable energy projects. Additionally, bp's projects in Germany and Spain, including the Lingen project, are receiving funding and progressing towards sustainable aviation fuel and green hydrogen production. Despite challenges in the energy sector, bp reported a profit increase in the second quarter of 2024. The company is focusing on reducing costs and driving towards its decarbonisation goals. Furthermore, collaborations like the 300-tonne green hydrogen hub with Aberdeen City Council are advancing, showing a positive momentum in the green energy sector. Overall, the article highlights the growing investments and developments in green hydrogen projects, emphasizing a positive outlook on the future of sustainable energy.