Hygreen Energy Expands Presence in Europe with Electrolyzer Factory and Green Hydrogen Projects in Spain
Key Ideas
  • Hygreen Energy is set to establish an electrolyzer manufacturing facility in Malaga, Spain, focusing on producing 5-Megawatt electrolyzers compliant with European standards.
  • The company will launch an R&D program to advance electrolyzer technologies and build green hydrogen production plants in Huelva, Spain, up to 1.12 GW, with a total capital infusion of over 2 billion Euros.
  • Spain aims to build 11 GW in electrolyzer capacity by 2030, positioning Andalusia as a green hydrogen leader due to its abundant wind and solar power potential.
  • The expansion plans reaffirm Hygreen Energy's commitment to the hydrogen market in Europe and aim to cater to the specific needs of European customers for green hydrogen solutions.
Hygreen Energy, a global electrolyzer manufacturer and hydrogen technology developer, is increasing its presence in Europe with plans to establish an electrolyzer manufacturing facility, launch an R&D program, and construct green hydrogen production plants in Spain. The new electrolyzer production factory in Malaga will initially focus on producing 5-Megawatt electrolyzers that meet European compliance standards, with a production capacity of up to 5GW. Additionally, an R&D program will be initiated to advance electrolyzer technologies, and green hydrogen generation projects with strategic partners are planned in Huelva, Spain, with a capacity of 1.12 GW and a capital infusion exceeding 2 billion Euros. Spain aims to achieve 11 GW in electrolyzer capacity by 2030, with Andalusia positioning itself as a key player in green hydrogen due to its abundant renewable energy sources. Hygreen Energy's CEO, Benny Wang, highlighted the growth opportunities these initiatives bring to Europe, emphasizing the tailored electrolyzer solutions for the European market. The company's expansion aims to cater to the increasing demand for green hydrogen solutions in Europe while supporting the clean energy transition. The meeting between the President of the Junta de Andalucía and Hygreen Energy's leadership team signifies the support and potential economic impact of the planned projects.
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