Ratified as part of a Memorandum of Understanding (MoU) signed during the recent Spanish Prime Minister’s visit to China, the net zero industrial park will significantly accelerate Spain’s green hydrogen adoption plans and advance its progress towards reducing the nation’s greenhouse gas emissions (GHGs) by 23% by 2030.
Envision will also establish a Green Hydrogen Centre of Excellence, reinforcing its commitment to both the region and its partners, as they collaborate to implement cutting-edge net zero solutions.
The facility will produce high-capacity proton exchange membrane electrolysers, low pressure alkaline and high pressure alkaline electrolysers – critical for the electrolysis process needed in green hydrogen production and other module equipments.
It will play a pivotal role in delivering 5 GW of electrolysis capacity, which significantly contributes to Spain's Hydrogen Roadmap targets of producing 11 GW by 2030. With an initial investment of US$1 billion by Envision and its partners, 1000 new green jobs are expected to be created.
Building on Envision’s global success in pioneering the world’s first-of-its-kind net zero industrial parks, the facility will be powered by locally generated clean energy, including biomass, solar and wind energy, creating a fully green, sustainable industrial ecosystem.
Construction of the facility is scheduled to commence in 1H26, with Envision working closely with the Spanish Government to identify an optimal site for the greenfield development. This marks a significant step towards progressing from plan to construction. Upon completion, the facility will be a Bureau Veritas-certified net zero industrial park.
Pedro Sanchez, Prime Minister of Spain today said: “Today – with your new commitment to invest a billion dollars to build an electrolyser factory in Spain – you are not just contributing to our economy. You are helping us to build the future, to build a better future.”
Lei Zhang, Founder and Chairman of Envision Energy, said: “With its ideal resources, market scale and expertise, Spain is well-placed to be the European leader in green hydrogen and Envision, together with our net zero tech partners, is excited to play a role in securing Spain’s green energy future.”