December 4, 2020

Endesa lowers the Government and electricity companies’ commitment to green hydrogen




Endesa’s CEO, José Bogas, has downplayed the strong commitment of the Government and most of the electricity companies and the industry for green hydrogen. During the presentation of the agenda “Renewable hydrogen: an opportunity for Spain”, chaired by Pedro Sánchez, Bogas stressed that “electrification is the simplest and cheapest way for most of the decarbonization of the country and green hydrogen has to be a complement to some projects “, such as what this company has in mind for the islands.

The President of the Government announced at the inauguration of the event that the promotion of green hydrogen in Spain will mobilize investments worth 8.9 billion euros until 2030 that will come from the private sector with the support of the public sector in the early stages. The vice presidents and ministers of Economy, Nadia Calviño, and of Ecological Transition, Teresa Ribera, also participated in the event.

The president of Enagás, Antonio Llardén, responded to Bogas that “there is no need to see a competition between green hydrogen and electricification” and he said that public-private collaboration is “fundamental”, as well as matching supply with demand. “

On the contrary, Ignacio Galán, president of Iberdrola, has said that the commitment to green hydrogen “must be urgent; I am a person who likes to run. “Llardén also added that projects” must be fast, not ten years from now. “

Galán stressed that it is “a unique opportunity” and that they would be necessary public aid, although “much lower than what they did in their day to wind and photovoltaic, which were five times the price of energy; now, it is only double.” He recalled the important project that Iberdrola is going to develop together with Fertiberia, for which it will request the aid provided by the EU.

Bogas has asked for a simpler regulation and unloading from the electricity bill the costs that are unrelated to the energy itself. Arantza Ezpeleta, general director of Acciona, affirmed that the development of green hydrogen “will require public support with financial aid and new regulations, as well as the streamlining of administrative procedures.” And he added that “the projects still have a long way to go to be competitive.”

Repsol’s CEO, Josu Jon Imaz, highlighted that the company plans to invest between 2,200 and 2,900 million euros in projects related to green hydrogen until 2026. “We are the largest hydrogen consumer in Spain, with 72% of the total, and we are present throughout its value chain “. He agreed with other speakers that “we need enabling actions and a reduction in costs. “He also stressed that Spain” is the most suitable country for the development of green hydrogen “and highlighted that the costs in our country are 30% lower than in Germany.

The president of Naturgy, Francisco Reynés, has insisted on reducing electricity costs, in an adequate regulatory framework and in the certificates of hydrogen originThis last issue is being worked on by the Ministry of Ecological Transition, according to the Secretary of State for Energy, Sara Aagesen. Likewise, Reynés said that the gas network should be available to transport hydrogen.

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