HyDeal España is the first industrial implementation of the HyDeal Ambition platform, which was recently ranked by the International Renewable Energy Agency (IRENA) as the largest giga-scale renewable hydrogen project globally.

HyDeal España will manage the development, funding and construction of renewable hydrogen production and transmission infrastructures. It will deliver competitive renewable hydrogen to an industrial complex in Asturias from facilities based in Northern Spain. HyDeal España was officially incorporated as an industrial joint venture in November 2021 following a one-year prefeasibility study.

Anchor sponsors include ArcelorMittal, Enagás, Grupo Fertiberia and DH2 Energy. Production is planned to start in 2025 and total installed capacity expected to reach 9.5 GW of solar power and 7.4 GW of electrolysers by 2030.