November 28, 2020

Iberdrola’s alliance with Norway’s Nel, the world’s leading manufacturer of electrolysers


Madrid

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Iberdrola and the world’s leading electrolyser manufacturer Nel add capabilities to make Spain a technological and industrial benchmark for green hydrogen. The companies have signed an agreement to develop large electrolyzers and promote the value chain of this technology in our country.

Additionally, and to materialize the project, Iberdrola together with the Basque company Ingeteam They have established the Iberlyzer company, with the aim of becoming the first large-scale electrolyzer manufacturer in our country.

This company will begin its operation next year, in order to supply more than 200 megawatts (MW) of electrolyzers by 2023. This production -which represents more than 50% of the objectives of the installed capacity of electrolyzers in Spain on that date- will go to the second project of the Iberdrola and Fertiberia alliance, which will produce green hydrogen for the Palos de la Frontera plant, in Huelva.

The Iberlyzer industrial project It will involve an investment of close to 100 million euros and will generate direct qualified employment for 150 people.

«The initiative will accelerate the production of green hydrogen in Spain, creating a new industry with high growth potential, as is the manufacture of electrolyzers. We continue to advance in our plan with which we want to place Spain and Europe at the world forefront in this technology, with which energy dependence and the consumption of fossil fuels will be reduced and will promote the economic and social revitalization of the country, ”explained Ignacio Galán, president of Iberdrola.

Project with Fertiberia

Recently, Iberdrola and Fertiberia presented an alliance that contemplates the development of 800 MW green hydrogen in four phases at the Fertiberia plants in Puertollano (Ciudad Real) and Palos de la Frontera (Huelva), until 2027. The initiative represents a investment of 1.8 billion euros in the next seven years and could make our country an industrial leader in the green hydrogen sector and the first with 100% production of ammonia for completely green fertilizers.

The green hydrogen production capacity of this plan would equal 20% of the national target -which foresees the installation of 4GW by 2030- and would achieve that 25% of the hydrogen currently consumed in Spain would not generate CO2 emissions. With these projects, it would contribute to the development of the value chain, creating almost 4,000 qualified jobs – 2,000 of them already in 2023, through 500 local suppliers.

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