en.Wedoany.com Reported - Spanish renewable energy company HVR Energy recently secured €12.75 million in financing from ICO (the Official Credit Institute of Spain). This funding will be used to build 30 hydrogen refueling stations across Spain to support the advancement of its ACTIVA project. This financing marks the second significant capital injection for HVR Energy within two years; last year, the company obtained a €7 million loan for 20 stations.

HVR Energy stated that these hydrogen refueling stations will adopt an innovative all-inclusive leasing model and be installed at existing service stations. Operators will not need to make upfront investments, thereby lowering the entry barrier for hydrogen infrastructure. This initiative aims to accelerate the adoption of hydrogen in the transportation sector, aligning with the EU's climate goals and decarbonization strategy.

The ACTIVA project has not only received financing support from ICO but also secured an additional €7.6 million grant from the European Commission's CEF AFIF program, with ICO participating as an implementation partner. HVR Energy has already utilized these funds to develop 30 out of the 38 hydrogen station projects awarded across Europe in the latest CEF AFIF tender.

Through modular and scalable infrastructure design, the ACTIVA project is dedicated to expanding access to renewable hydrogen and reducing barriers to its use in transportation.

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