en.Wedoany.com Reported - Iberdrola España, the Spanish subsidiary of the Iberdrola Group, and BP have received approval from IDAE (Institute for Energy Diversification and Saving), under Spain's Ministry for Ecological Transition and the Demographic Challenge, to reallocate up to €211 million from the IPCEI Hy2USE project to Castellón, in order to explore new opportunities to increase green hydrogen production at BP's Castellón refinery.

This measure is part of the Iberdrola-BP alliance, aimed at promoting new energy solutions to replace natural gas with locally produced renewable energy in industrial processes. The green hydrogen produced can be allocated to hard-to-decarbonize sectors, such as the ceramics and chemical industries, thereby strengthening the role of this technology in the energy transition.

The facility also involves participation from the Valencian Institute of Energy Technology (ITE) and has received an additional €15 million in funding through the NextGenerationEU fund. It is expected to begin producing green hydrogen before the end of the year and is projected to become Spain's largest operational green hydrogen plant by 2026.

This project reinforces Iberdrola's commitment to innovation and the development of renewable energy solutions to accelerate the electrification of the economy.

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