Hygreen Energy Expands to Spain: 5GW Alkaline Electrolyser Factory Planned
Key Ideas
- Hygreen Energy, a Beijing-based company, announces plans to build a 5GW alkaline electrolyser factory in Spain as part of a €2bn European expansion.
- The company will also enhance its manufacturing capacity in China and collaborate with partners to develop green hydrogen plants, positioning itself for the European hydrogen market.
- Hygreen aims to establish a comprehensive ecosystem for its customers, project developers, and EPC providers, showcasing a commitment to advancing electrolyser technologies and green hydrogen production.
- The company's Global Marketing Director anticipates a surge in international demand by 2025, driven by incentives and policies in regions like North America, Europe, and Australia.
Beijing-headquartered Hygreen Energy has unveiled plans to construct a 5GW alkaline electrolyser factory in Spain as part of a €2bn European expansion strategy. The facility in Malaga will adhere to European compliance standards, with a capacity dependent on market demand and growth. Hygreen also intends to expand its existing manufacturing capacity in Shandong, China, to 5GW. Additionally, the company will collaborate with partners to establish green hydrogen plants in Huelva, Spain, as well as launch an R&D program to advance electrolyser technologies. These initiatives are part of Hygreen Energy's efforts to capitalize on Europe's growing hydrogen market. With a positive sentiment, the company's CEO envisions leveraging the surge in non-domestic demand by 2025. Spain, already a green hydrogen hub, aims to build 11GW of electrolyser capacity by 2030, reinforcing its role in supplying green hydrogen to industrial regions in Europe's northwest.