New partnership formed to produce green hydrogen offshore Spain and Portugal
French renewable hydrogen producer Lhyfe has joined forces with Spanish renewables utility Capital Energy to develop offshore renewable hydrogen projects in Spain and Portugal.
Under the agreement, the two companies said will work together to create hydrogen production sites at some of the 7.5 GW offshore wind farm sites currently being developed by Capital Energy in both countries.
Lhyfe claims to have the only operational prototype for offshore green hydrogen production. This system, known as Sealhyfe, was inaugurated in France in September 2022. The company aims to have 200 MW of green hydrogen production capacity by the end of 2026 and 3 GW by the end of 2030.
“We have joined forces with the best possible partner, Lhyfe, which has substantial experience in offshore hydrogen production. Through this alliance, we intend to use some of the energy generated by our offshore wind farms to produce hydrogen, which will help to drive the energy transition in a balanced way and solve potential bottlenecks in the electricity system. It will also increase the socio-economic benefits of our offshore projects, with greater investment and more skilled jobs,” said Pablo Alcón, offshore director at Capital Energy.
The companies said the collaboration agreement could be extended to other markets in the future.
