Iberdrola and BP secure €221 m grant to scale Castellón green‑hydrogen plant to 200 MWExecutive summary: Iberdrola and BP received a €221 million grant to expand their green‑hydrogen joint venture, which already operates a 25 MW electrolyzer in Castellón and aims to reach 200 MW. The funding highlights strengthening public‑private backing for green hydrogen in Europe, potentially accelerating renewable hydrogen supply for steel, refining and chemicals sectors. Iberdrola, BP, the Spanish funding authority (source of the €221 m), and the Castellón plant operators. Construction of the electrolyzer scale‑up to 200 MW, negotiation of off‑take contracts with industrial customers, and pursuit of additional EU hydrogen‑bank calls.The joint venture between Iberdrola and BP has been awarded €221 million in public funding for its green‑hydrogen project in Castellón. The money will expand an existing 25 MW electrolyzer to a planned 200 MW capacity, making it Spain’s largest hydrogen facility. The investment signals growing institutional support for renewable hydrogen as a decarbonisation lever for heavy industry.Connected developmentsTrump Singles Out Exxon, Chevron, Shell, and BP Over High Gas PricesThe Real Reason BP Is Retreating From the North SeaEl Gobierno estrecha el cerco a Repsol, Moeve y BP para vigilar sus preciosBP announces two-segment overhaul to simplify operationsOpen the full case file on Beyond →
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