DH2 Energy positions itself as a leader in the transition to green hydrogen in Spain, with an ambitious roadmap. Together, the company’s most advanced large-scale projects in development total 3 GW of electrolysis capacity, with commissioning expected between 2030 and 2031.

In Extremadura, it is developing four projects totaling 1.5 GW of electrolysis and 1.7 GW of solar capacity, with an investment of 2.25 billion euros.

Among them, Raviza stands out, located in Hornachos, Puebla del Prior, and Ribera del Fresno, with a capacity to produce 25,000 tons of renewable hydrogen annually.

Other projects, such as Badajoz 2, 3, and 4, will complete this capacity, contributing to the decarbonization of the local industry and generating a significant economic impact in the region.

Meanwhile, in Aragón, the Hysencia plant, with 35 MW of electrolysis and 49 MWp of solar capacity, represents the company’s most advanced project.

“Hysencia is a pioneer in Spain and a benchmark at the European level. Projects like this are essential for building a solid track record and attracting funding more easily,” says Vincent Tessé, Deputy General Director of DH2 Energy.

In an interview with Energía Estratégica España, he describes Spain as an ideal setting for hydrogen deployment due to its available resources and land availability.

He also adds that the country’s goal of achieving 12 GW of electrolysis by 2030 “is ambitious but not unachievable.”

However, he argues that to achieve this, greater education on the socioeconomic impact, a predictable market, growing demand, and robust infrastructure will be necessary.

“The problem is not the lack of technology or projects, but the lack of an established and mature market,” emphasizes Tessé and confirms that the availability of electrolyzers “is no longer an issue” and that in a global technological market, “we will always choose the product we consider best technically, in terms of reliability and cost, regardless of where it comes from.”

Price Predictability

“We need buyers to have visibility on prices and confidence in the product,” says the DH2 Energy expert, acknowledging that the creation of the Iberian Green Hydrogen Index (IBHYX) represents a key advance.

This is because “for the first time, companies can know how much it costs to produce and acquire a ton of renewable hydrogen, which facilitates long-term planning.”

This index not only aims to stabilize prices but also to stimulate demand, a critical factor for projects to achieve economic viability. Tessé adds, “Through initiatives like IBHYX, we will consolidate a market that still lacks clear references and predictability.”

Infrastructure: the Backbone of Green Hydrogen

Another fundamental challenge is the development of transport infrastructures necessary to connect hydrogen production with industrial consumption centers.

The Deputy Director of DH2 Energy highlights the role of ENAGAS and the future European hydrogen transport backbone, H2MED, as an essential step.

The Southwest Hydrogen Corridor alliance, H2med, which DH2 Energy is a signatory of, will leverage and connect hydrogen produced in the Iberian Peninsula with Northern Europe, significantly expanding the market.

Despite this export-oriented goal, Tessé emphasizes, “First, we must develop internal infrastructures that benefit our local industries, and then, with solid foundations, focus on exportation and internationalization.”

First Renewable Hydrogen Auction: A Key Boost for the Iberian Market

In November, DH2 Energy and Mibgas Derivatives launched the first renewable hydrogen auction in the Iberian market, a mechanism designed to strengthen the relationship between supply and demand in a still-developing sector.

The auction focuses on the production of the Hysencia plant, a pioneering DH2 Energy project located in Aragón, whose construction will begin in the first half of 2025 and enter operation in 2027.

“We believe that the realization of this auction is very positive, also for the advancement and development of the entire sector, because it is a mechanism that brings together supply and demand,” explains Vincent Tessé.

He also adds that they have been developing the Hysencia project for several years, and its construction will begin in the first half of 2025. He shares that “the realization of this auction is very positive for the project.”

This mechanism, open to both national and international companies, does not impose restrictions on hydrogen applications, allowing for broader participation.

The process includes different phases, from prequalification to the submission of competitive bids, with final contracts negotiated bilaterally with the selected companies.