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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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Norled has received final approvals for its pilot liquid hydrogen-fuelled ferry from the Norwegian Maritime Authority
Hy2gen contracts Technip for Quebec green ammonia project pre-Feed
31 March 2023
Developer aims to commission 220,000t/yr project by 2028
Green hydrogen competes with big business for renewable PPAs
31 March 2023
Corporate and utility buyers are seen as more credible counterparties in increasingly competitive market
Scotland ‘a great place’ for green hydrogen development
31 March 2023
Project developers that have secured grants tell Hydrogen Economist they are optimistic, despite incentives competition with US and EU

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