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Spain Electrolysers Renewables Steel Energy transition
Stuart Penson
26 May 2022
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Iberdrola to invest €3bn in green hydrogen

Favourable regulation must be deployed to help achieve EU decarbonisation goals, Spanish company’s chairman says

Spanish utility Iberdrola will invest €3bn ($3.2bn) in green hydrogen before 2030, company chairman Ignacio Galan said at the World Economic Forum in Davos. Galan is one of a number of CEOs to have signed a manifesto at the summit agreeing to meet the EU goal of reducing emissions by 55pc below 1990 levels by 2030. He noted that coordinated EU action—such as that seen in the RepowerEU proposals—was essential to achieving the bloc’s target to increase hydrogen use to 20mn t/yr. “We have to move in a hurry. We have the technology, the support of society and, as companies, we are ready to play our role, investing and committing all our human and technological resources, but we need clarity, the

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Also in this section
Steelmaking with hydrogen faces supply problem – Ieefa
30 June 2022
Scarce high-grade iron ore supply is a potential barrier to the widespread use of green hydro-gen in the decarbonisation of steelmaking
Ineos receives state finance for electrolyser study
30 June 2022
Firm plans to build and operate 100MW electrolyser to decarbonise ammonia production at Cologne site
Investors flock to Oman’s hydrogen sector
30 June 2022
Progress of projects on the ground is outpacing policymaking in the sultanate
Higher diesel prices drive interest in fuel-cell generators – AFC
30 June 2022
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