Spain's Race to Produce Green Hydrogen

Spain is positioning itself as a global leader in renewable energy, particularly in green hydrogen production. However, one major obstacle companies face is the reliance on solar energy for hydrogen production. The need for sunlight to generate electricity required for hydrogen production limits its efficiency during nighttime. Nonetheless, companies like Fertiberia are investing heavily in green hydrogen to become net-zero by 2035. They aim to produce fertilizers using air, renewable energy, and water, and have already achieved around 10% green fertilizer production. The competitiveness of green hydrogen production, coupled with the demand from companies like Heineken and PepsiCo to decarbonize their products, offers significant opportunities.