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- Envision Group to invest $1 billion in Spain to build a factory for green hydrogen machinery by 2026.
- The plant will focus on electrolysers, supporting Spain’s push to lead Europe in green hydrogen production.
- Envision is exploring further renewable energy investments, including e-methanol and green infrastructure.
China’s Envision Group Expands Green Hydrogen Efforts in Spain
Spain has signed a $1 billion deal with China’s Envision Group to build a factory producing electrolysers, a critical component for green hydrogen production. The plant is expected to be operational by June 2026, according to a memorandum of understanding between the two parties.
This factory will manufacture machinery that separates hydrogen from water, crucial for the green hydrogen process. Envision will finance the project with private partners, though the exact location in Spain has not yet been disclosed.
Envision’s ambitions go beyond just building the factory. The company plans to invest in the entire green hydrogen value chain, including industries like fertilizers and biochemicals, further cementing Spain’s status as a leader in Europe’s renewable energy sector.
The memorandum revealed that Envision is also negotiating renewable energy deals, particularly in e-methanol and green hydrogen, with potential partners in Spain and Europe.
While green hydrogen is touted as a key driver for Europe’s decarbonization, the projects are often reliant on subsidies due to high operational costs. Spain, with its abundant wind and solar resources, has strategically positioned itself to lead this transition.
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This isn’t Envision’s first major investment in Spain. Two years ago, the company signed a €3.8 billion ($4.19 billion) deal that included green hydrogen projects and a car battery giga-factory. However, it remains unclear whether the planned electrolyser plant is part of that earlier agreement.
Envision’s continued investments demonstrate its commitment to the renewable energy sector and the potential to drive green hydrogen development across Europe.