Envision Energy has partnered with the Spanish government, plus Spanish and European industrial and financial leaders, to develop a green hydrogen industrial park.
The net zero park will play a role in delivering 5GW of electrolysis capacity, contributing to Spain’s Hydrogen Roadmap targets of producing 11GW by 2030.
With an initial investment of $1bn by Envision and its partners, 1000 new green jobs are expected to be created.
The green hydrogen plant will be powered by locally generated clean energy, including biomass, solar and wind energy.
Construction of the facility is scheduled to commence in the first half of 2026, with Envision working closely with the Spanish Government to identify an optimal site for the greenfield development.
Pedro Sanchez, Prime Minister of Spain, said: “Today – with your new commitment to invest a billion dollars in partnership with the industry, to build an electrolyser factory in Spain – you are not just contributing to our economy.
“You are helping us to build the future, to build a better future.”
Lei Zhang, Founder and Chairman of Envision Energy, said: “With its ideal resources, market scale and expertise, Spain is well-placed to be the European leader in green hydrogen and Envision, together with our net zero tech partners, is excited to play a role in securing Spain’s green energy future.”
The plans also include a Centre of Excellence to further boost Spain’s green hydrogen-based industrial ecosystem.
It will serve as a hub for building local skills and talent, catalysing innovations, and attracting industrial collaborations across Spain.
By integrating renewable energy production, energy storage, and net zero digital technology, Envision aims to help ensure a constant and clean energy supply, reduce hydrogen production costs, and prove the commercial viability of this “new oil” for the global energy transition.