Envision Energy has announced a ‘landmark’ $1bn investment in Spain’s renewable energy sector featuring the first integrated green hydrogen Net Zero industrial park in Europe.
The ambitious project, targeting up to 1,000 jobs, will be developed in partnership with the Spanish government and ‘key Spanish and European industry and financial leaders’ with construction set to start in the first half of 2026.
It will comprise design, research, manufacture and service functions for green hydrogen including electrolysis – using high-capacity PEM electrolysers and low/high pressure alkaline electrolysers – an air separation unit (ASU), ammonia synthesis and completed module facility for scalable green ammonia production.
Ratified as part of a Memorandum of Understanding (MOU) signed during the recent Spanish Prime Minister’s visit to China, the Net Zero industrial park will deliver 5 gigawatts (GW) of electrolysis capacity and significantly accelerate Spain’s green hydrogen adoption plans as it aims to cut Greenhouse Gas emissions (GHGs) by 23% by 2030. Envision will also establish a Green Hydrogen Centre of Excellence.
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