Thursday 27 May 2021
Iberdrola and Cummins team up to develop hydrogen electrolyser gigafactory in Spain
Spanish utility Iberdrola and US power solutions company Cummins have announced plans to develop one of the world's largest electrolyser plants for the production of green hydrogen in Spain.
The €50 million (£43m) gigawatt electrolyser facility will be located in Castilla-La Mancha, with a site selection search within the Guadalajara area currently underway.
The plant, which will house system assembly and testing for around 500MW/year and will be scalable to more than 1GW/year, is expected to open in 2023 and create 350 new jobs as production ramps up.
Tom Linebarger, Chairman and CEO of Cummins said: “Spain offers a strong and dynamic local environment for hydrogen production and we are excited to invest here and significantly increase our manufacturing capacity in Europe.
“Our partnership with Iberdrola will connect us with a major clean energy company and strategically positions us to be a European leader in green hydrogen production. We believe that this is just the start of our expansion into new markets, bringing new clean technology to customers and supporting efforts to bring the European Union's Green Deal to fruition. As communities move toward zero emissions, this is the latest example of Cummins' global effort to achieve carbon neutrality and accelerate the hydrogen economy.”
Iberdrola and Cummins have signed an agreement to accelerate the growth of business opportunities in the electrolyser market in Iberia, promoting the green hydrogen value chain and making Spain a leader of this technology and industry.
The two companies are also working on a hydrogen refuelling station in Barcelona, Spain, with additional partnership and broader co-operation opportunities expected in the future.
Ignacio Galán, Chairman and CEO of Iberdrola added: “This initiative will accelerate the production of green hydrogen in Spain and will create a new industry, the manufacturing of electrolyser systems, with high growth potential. We continue to make progress in our ambitious plan to put Spain and Europe at the global forefront of this technology by reducing energy dependence and fossil fuel consumption while driving the country's economic and social revitalisation.
“This joint initiative will contribute to the economic, industrial and quality employment development in the region and will reinforce its great innovative commitment to a decisive technology for the decarbonization of the industry.”
