Enagás announced that it will invest 4.035 billion euros over the next six years, of which 3.125 billion will be allocated to the deployment of renewable hydrogen infrastructure, enabling 9.5% compound annual EBITDA growth between 2026 and 2030. Enagás creates Scale Green Energy, a subsidiary that will lead the development of other infrastructure and services for decarbonisation in areas such as CO2, LNG and BioLNG bunkering, renewable hydrogen for mobility and green ammonia.
Spain is leading the energy transition in Europe with unprecedented speed, marked by major advances in hydrogen. Enagás is at the forefront of this process.
The company has already completed the conceptual design of the Spanish Hydrogen Backbone, awarded the basic engineering for the first two compressor stations and will deploy the Conceptual Public Participation Plan in the coming months. Enagás plans to adopt the final investment decision (FID) at the end of 2027.
The Call For Interest of the European H2med corridor – the results of which Enagás presented on 10 February together with the operators NaTran, Teréga, REN and OGE, was a success in terms of participation, with 528 projects presented by 168 companies. The results of this initiative consolidate H2med as the most advanced hydrogen corridor in Europe.
Enagás has also obtained 100% of the Connecting Europe Facility (CEF) funding requested to carry out studies for its Projects of Common Interest (PCI) in the H2med corridor, the Spanish Hydrogen Backbone and associated storage, amounting to 75.8 million euros for the company.
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Describe more in press release https://tinyurl.com/yc85md7z
