Spanish gas grid operator Enagás is making a substantial investment of €4.035bn in renewable energy by 2030, with a significant portion earmarked for hydrogen infrastructure. The move comes as Enagás adapts to a decline in Spanish gas demand by selling assets, cutting dividends, and reducing debt to prepare for a low-carbon future. The company's CEO, Arturo Gonzalo, highlighted the strengthened balance sheet enabling the rollout of their hydrogen investment plan during an earnings call. Enagás is prioritizing hydrogen projects with an allocation of €3.125bn over the next six years. Additionally, the company has launched Scale Green Energy (SGE), a subsidiary focusing on CO2 transport, LNG and Bio-LNG bunkering, hydrogen mobility, and renewable ammonia to drive decarbonisation efforts. Enagás' plans include developing pipelines, liquefaction terminals, transport vessels, and logistics hubs for CO2 management, LNG, and Bio-LNG. The company is also actively building hydrogen refuelling stations in Spain to contribute to the national target. Enagás' strategic investment aligns with Spain's ambition to become a prominent hydrogen exporter and is part of the broader European movement towards green hydrogen initiatives. By 2030, the company projects that hydrogen assets will surpass natural gas in its portfolio, marking a significant shift away from fossil fuels. This commitment to renewable energy and hydrogen infrastructure reflects Enagás' contribution to Spain's energy transition and the European goal of achieving a greener future.