The Enagás general shareholders’ meeting, held in Madrid both in person and online, endorsed the company’s commitment to renewable hydrogen, endorsed the company’s commitment to renewable hydrogen and approved all the items on the agenda by a large majority, the company announced.
The CEO, Arturo Gonzalo, stressed that “through green hydrogen, Enagás will play a key role in the fight against climate change, a global challenge whose urgency becomes more evident with each passing day”. He added that “the answer to global warming cannot wait and that is why renewable hydrogen has to happen now”.
Enagás CEO Arturo Gonzalo said that the total estimated gross investment in Spain for projects submitted to Projects of Common Interest (PCI) will be 5.9 billion euros: 4.9 billion in the Spanish hydrogen infrastructure and 1 billion euros attributable to the Spanish part of H2med.
He stressed that, considering European funding, Enagás’ estimated net investment in hydrogen infrastructures will be 3.2 billion euros, to be developed mainly between 2027 and 2030, in a stage of growth in which the company “will become a company of the future with a key role in the new decarbonised economy”.
During his speech, the CEO also highlighted that, before 29 April, the company will present to the Ministry for Ecological Transition and the Demographic Challenge a proposal for a hydrogen backbone for Spain, with a ten-year horizon.
“In 2023 there has been an exponential leap”, said Arturo Gonzalo with respect to the strategic axis of promoting decarbonisation based on renewable hydrogen, and he recalled that the company closed 2023 with the inclusion of H2Med and the first axes of the hydrogen backbone infrastructure in Spain in the list of Projects of Common Interest (PCIs) of the European Commission, and with the designation of Enagás as the provisional manager of the hydrogen backbone by the Spanish Government, through Royal Decree-Law 8/2023 of 27 December, approved by Parliament in January.
To face this new stage, Enagás also continues to work to contribute effective solutions to the technological challenges of green hydrogen. On 9 April, the company will hold the first “Enagás H2 Technical Day” with some of the leading national and international experts in the field.
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