The European Commission has approved a EUR 220m Spanish measure to support Cobra Instalaciones y Servicios, S.A. (COBRA) in the production of renewable hydrogen for use in industrial sectors, according to a press release.
The measure is in line with the EU Hydrogen Strategy and the European Green Deal targets, meant to reduce dependence on Russian fossil fuels and fast forward the green transition in accordance with the REPowerEU Plan.
COBRA, which is not yet active in hydrogen production, will start producing renewable hydrogen at large scale via water electrolysis. The renewable hydrogen produced will be used for external industrial off-takers, in particular in energy-intensive and hard-to-abate sectors such as refineries and ceramics.
The aid, which will take the form of a direct grant, will support the construction and the installation of electrolysers in the Spanish regions of Cartagena and Castellón. The two electrolysers will have a total capacity of 205 MW and are expected to produce approximately 8,550 tonnes of renewable hydrogen and 6,840 tonnes of oxygen per year. The electrolysers are envisaged to be constructed in stages, with the first electrolyser operating as of 2023.
