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Hygreen Energy to Invest EUR 2 Billion in Green Hydrogen Projects in Spain
Hygreen Energy plans to establish an electrolyser manufacturing facility, launch a technology development program, and build green hydrogen production plants in Spain.
September 09, 2024. By EI News Network

Chinese electrolyser manufacturer and hydrogen technology developer Hygreen Energy is set to significantly increase its presence in Europe. The company plans to establish an electrolyser manufacturing facility, launch a technology development program, and build green hydrogen production plants in Spain.
The company has entered into an agreement with Coxabengoa for the same. These plans, according to the company, will greatly increase Hygreen Energy's scale, efficiency and competitiveness of its electrolyser products sold to the European market.
Located in Malaga, the new facility will initially focus on the production of its 5 MW electrolysers that comply with European compliance standards, with a production capacity of up to 5 GW, scaled according to demand in Europe.
Further, Hygreen Energy will create a research and development program dedicated to advancing electrolyser technologies, plus an alkaline 10 MW testing platform.
The company also plans to build large-scale green hydrogen production plants with strategic partners, up to 1.12 GW, in Huelva in the Andalusia region of Spain.
Together, the company estimates these projects will attract and infuse over EUR 2 billion in capital and resources that will benefit both the region and the overall hydrogen economy.
Commenting on these developments, Benny Wang, CEO at Hygreen Energy said, “By establishing an electrolyser factory, launching an R&D program, and developing green hydrogen plants, Hygreen Energy will be well positioned to capitalise on the burgeoning hydrogen market in Europe, offering electrolyser solutions that are precisely primed for Europe and tailored to our customers' project performance and delivery needs.”
He further added that Spain is targeting to build 11 GW in electrolyser capacity by 2030 and the southern region of Andalusia is positioning itself as a green hydrogen leader with its significant wind and solar power potential.
The company has entered into an agreement with Coxabengoa for the same. These plans, according to the company, will greatly increase Hygreen Energy's scale, efficiency and competitiveness of its electrolyser products sold to the European market.
Located in Malaga, the new facility will initially focus on the production of its 5 MW electrolysers that comply with European compliance standards, with a production capacity of up to 5 GW, scaled according to demand in Europe.
Further, Hygreen Energy will create a research and development program dedicated to advancing electrolyser technologies, plus an alkaline 10 MW testing platform.
The company also plans to build large-scale green hydrogen production plants with strategic partners, up to 1.12 GW, in Huelva in the Andalusia region of Spain.
Together, the company estimates these projects will attract and infuse over EUR 2 billion in capital and resources that will benefit both the region and the overall hydrogen economy.
Commenting on these developments, Benny Wang, CEO at Hygreen Energy said, “By establishing an electrolyser factory, launching an R&D program, and developing green hydrogen plants, Hygreen Energy will be well positioned to capitalise on the burgeoning hydrogen market in Europe, offering electrolyser solutions that are precisely primed for Europe and tailored to our customers' project performance and delivery needs.”
He further added that Spain is targeting to build 11 GW in electrolyser capacity by 2030 and the southern region of Andalusia is positioning itself as a green hydrogen leader with its significant wind and solar power potential.
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