A huge green hydrogen plant is being planned for the Albacete province in central Spain.
Costing around $3bn, it will consist of a 1GW electrolyser powered by an adjacent wind and solar power farm built on the same site.
Industry figures suggest that such a sized plant will produce around 0.15 million tonnes of hydrogen and three million tonnes of water. This assumes an efficiency of 75% for 8,000 hours per year.
German renewables company PNE is behind the project, which it will operate via its Spanish subsidiary, Kolya-PNE.
Local media say that land for the site has already been purchased, and Kolya-PNE is currently in talks with the local government bodies to develop the project.
PNE is a major renewables operator and already has more than 6.5GW of wind power projects in Europe, North America and South Africa.
It was back in 2022 when it acquired a majority stake in Spanish solar developer Kolya.
The term green hydrogen is a label for a process which helps mitigate climate change by using renewable fuels to power the process.
The basic process has been used for years and it involves using power to put water through electrolysis, splitting it into its constituent elements, gaseous hydrogen, and oxygen. The gas is captured and stored for various applications. The water can be reused.
Because high levels of energy were previously needed to complete this process, hydrogen gas manufacture has not been environmentally friendly. Now with plentiful renewable resources available, the game has changed and hydrogen becomes a viable source of fuel, which can power a number of applications.
Spain is an obvious choice for such production techniques, because of its plentiful sunshine and wind. Companies such as PNE are available to take advantage of such natural resources and produce a cost-effective hydrogen gas.