Opportunities for Spain in the field of hydrogen
Spain has a great opportunity to produce very cheap renewable energy and to produce the cheapest hydrogen in Europe due to its geographic location. Furthermore, Spain, along with North Africa, will be the natural port of entry for hydrogen. And Spain has large, leading companies in the sector: energy, technology, etc.
Due to all the above, we can create specialised businesses and industrial production capacities throughout the hydrogen value chain.
And then as the result of the development in the sector, the ability to export Spanish technology and being a benchmark for the manufacture of equipment and instruments for the global hydrogen industry.
Since there is a clear commitment to the decarbonisation of all sectors in Europe, the relevance of hydrogen is recognized and there is a determined push for distribution and availability of renewable hydrogen.
Right now, a post COVID recovery plan is underway:
- Green recovery (EU Green Deal).
- Reactivate, redefine and transform the economy, generate employment, economic development and creation of industrial capacities.
Furthermore, the hydrogen sector is optimally positioned to play a significant role in this green recovery, since it generates skilled employment, is positioned for the industrialisation of the economy and improves national balance of payments (given that supply is adequate for exportation).
Drivers of the Energy Transition: