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Europe announces another interesting hydrogen project

Spain, Portugal and France have agreed to build a pipeline to transport so-called green hydrogen from Barcelona to Marseille.

Hydrogen has been the subject of more and more talk lately. Only recently has announced the first hydrogen corridor from Spain to the Netherlands. Now another hydrogen project has been announced that will boost the countries’ energy infrastructure.

Hydrogen is a game-changer for Europe

European Commission President Ursula von der Leyen also spoke about the importance of hydrogen for Europe’s future. She even called hydrogen a game-changer for Europe.

A new pipeline, H2med, is planned to be built to transport up to 2 million tonnes of hydrogen a year. The project should cost €2.5 billion and will be completed by the end of this decade. According to the Portuguese Prime Minister, Pedro Sánchez, this new infrastructure will strengthen the energy independence of EU countries. 

The countries announced the deal on the sidelines of a summit of nine Mediterranean countries in Alicante. On the sidelines of the summit, Spanish Prime Minister Pedro Sánchez and Italian Prime Minister Giorgia Meloni were due to hold their first bilateral talks. The latter was unable to attend due to illness and was replaced by Foreign Minister Antonio Tajani.

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Spain and France have also discussed in the past the construction of the MidCat pipeline, which could transport gas from Spanish LNG terminals. However, Paris and Madrid have not agreed on this infrastructure.

Spain becomes a hydrogen leader in Europe

Especially in the much-discussed green hydrogen sector, which is hydrogen produced using renewable resources, Spain is a leader in Europe. This European country is home to approximately 20% of all green hydrogen projects in the world.

The fact that hydrogen has potential is shown by the individual companies that are investing in this sector. Quite recently, we informed you about the first major success of the British company Rolls-Royce, which successfully tested its hydrogen-powered jet engine for the first time in history.

Bruno is an Investment enthusiast with several years of experience in the industry. He enjoys following the latest news and technology trends...


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