The Spanish Official Credit Institute (ICO) has granted €12.75 million in financing to HVR Energy, a Spanish company specialising in hydrogen infrastructure for mobility, for its ACTIVA project, which involves the deployment of 30 hydrogen refuelling stations in Spain.
This is the ICO's second round of financing in two years, following its support in 2025 of €7 million in financing for the deployment of 20 hydrogen stations. This new investment reinforces the ICO's commitment to strategic projects that contribute to the development of sustainable mobility and consolidates its confidence in HVR Energy's business model.
The initiative envisions the installation of hydrogen refueling stations at existing service stations, which will be offered on an all-inclusive rental basis to specialised companies, facilitating access to renewable hydrogen without the need for direct investment by the operators.
The operation will cover part of the investment and is complemented by a €7.6 million European grant, awarded under the CEF AFIF program, promoted by the European Commission, in which the ICO acts as Implementing Partner. In the last call for proposals, HVR received support to develop 30 of the 38 stations awarded across Europe. With its ACTIVA model, HVR is consolidating its position as a key player in the hydrogen network both in Spain and in Europe.
Strategic and sustainable project backed by the ICO
With ACTIVA, HVR facilitates access to renewable hydrogen through modular and scalable solutions, fully aligned with the European Union's climate objectives. The initiative will reduce barriers to entry for this energy vector in transport, contribute to decarbonisation, and support compliance with the AFIR Regulation on alternative fuel infrastructure.
CEF AFIF Programme: European boost to alternative fuels
The European Commission's CEF AFIF programme promotes the deployment of alternative fuel infrastructure through blended financing, which combines European grants with repayable financing from accredited entities such as the ICO. Between 2019 and 2027, the program supports projects for electricity, hydrogen, and other sustainable fuels in ports, airports, and land transport networks, contributing to the decarbonisation of mobility within the TEN-T network.
ICO: strategic boost to sustainable mobility in Europe
Since 2020, as an Implementing Partner, the ICO has channeled European funds from the CEF AFIF program to deploy alternative fuel infrastructure in Spain. In the first call for proposals (2019–2024), the ICO financed €202 million across 14 projects, supporting more than 5800 electric vehicle charging points and various hydrogen and gas infrastructure projects for transportation.
In the latest call (2024 - 2027), the ICO has approved 15 projects for a total amount of €182.5 million, including that of HVR Energy, reinforcing its commitment to the decarbonisation of transport and the deployment of sustainable infrastructure in the TEN-T network.
With this operation, the ICO reaffirms its commitment to sustainable infrastructure and the energy transition in road transport.