Spain currently produces 500,000 tonnes of hydrogen per year of which 95% is grey hydrogen thanks to its low price (<1.5 €/kg) compared to green hydrogen (3.5-5.5 €/kg). Spain’s renewable energy production potential is over 3,000 TWh/year according to the Institute for Energy Research of Catalonia (IREC) through the book “Hydrogen: energy vector of a decarbonised economy”. Based on figures, Spain can consolidate itself as the leader in green production, estimating its production at 1,750 TWh/year and anticipating a successful export to the rest of Europe and North Africa. Spain is expected to start producing the world’s cheapest green hydrogen in the mid-30s according to Aurora Energy Research, so by 2028, green hydrogen could overtake blue hydrogen.
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