Saturday, September 24 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Gas News
Today's News
Yesterday's News
Week of Sep 19
Week of Sep 12
Week of Sep 05
Week of Aug 29
Week of Aug 22
By Topic
By News Partner
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Gas News > News Article

    Share by Email E-mail Printer Friendly Print

    Iberdrola, BP to set up JVs for green H2, electric mobility


    July 29, 2022 - SeeNews Renewables

     

      July 29 (Renewables Now) - Spanish utility Iberdrola SA (BME:IBE) and oil-and-gas major BP Plc (LON:BP) on Thursday announced that they will form two joint ventures (JVs) to promote green hydrogen production and the development of public charging stations for electric vehicles (EVs) in the Iberian Peninsula and the UK.

      The green hydrogen JV would be dedicated to large-scale integrated production of hydrogen and its derivatives in Spain, Portugal and the UK. The proposed hubs would be integrated with new renewables and have a total capacity of up to 600 kilo-tonnes per annum (ktpa), according to the announcement.

      The agreement would include the green hydrogen project that BP is working on at its refinery in Castellon, Spain, Iberdrola’s ongoing industrial hydrogen projects and new projects.

      The collaboration in Spain, Portugal and the UK may serve as the springboard for potential green hydrogen projects in other parts of the world, the companies said.

      The electric mobility JV would invest up to EUR 1 billion (USD 1.02bn) to install up to 11,000 rapid and ultra-fast public EV charging stations across Spain and Portugal. The partners are also looking at jointly serving the EV market in the UK, they said.

      Iberdrola has over 2,500 charging points across Iberia, powered by renewable energy. BP, which operates charging points elsewhere in Europe, would contribute its 1,300 service stations in Spain and Portugal to be used as charging hubs for the JV.

      Iberdrola and BP expect to close both JV agreements by the end of 2022, pending regulatory approval.

      (EUR 1.0 = USD 1.02)

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.