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China’s Hygreen Energy and Spain’s Coxabengoa have taken a bold step to transform Europe’s green hydrogen market. The companies have signed a strategic agreement to collaborate on hydrogen technology advancement…
The post Hygreen Energy and Coxabengoa Forge Strategic Alliance to Boost Europe’s Green Hydrogen Market appeared first on ESG News.
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Hygreen Energy and Coxabengoa Forge Strategic Alliance to Boost Europe's Green Hydrogen Market – ESG News
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Hygreen Energy and Coxabengoa Forge Strategic Alliance to Boost Europe’s Green Hydrogen Market
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Hygreen Energy and Coxabengoa Forge Strategic Alliance to Boost Europe’s Green Hydrogen Market
by ESG News
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August 30, 2024
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Hygreen Energy and Coxabengoa signed a strategic agreement to advance hydrogen technologies and expand the market for electrolyzer solutions in Europe.
The Andalusian government supports the partnership, aiming to make Andalusia a green hydrogen hub.
The agreement will drive innovation, create jobs, and enhance sustainable development in the region.
China’s Hygreen Energy and Spain’s Coxabengoa have taken a bold step to transform Europe’s green hydrogen market. The companies have signed a strategic agreement to collaborate on hydrogen technology advancement and expand the market for electrolyzer solutions across Europe. This partnership, supported by the Andalusian government, marks a significant milestone in boosting the green hydrogen economy in Spain and beyond.
The agreement was formalized at Hygreen Energy’s office in Beijing, with the President of the Junta de Andalucía, Juanma Moreno, and Enrique Riquelme, Executive President of Coxabengoa, in attendance. “This agreement, which enables innovative technologies and global market synergies, is a good example of the leadership that Andalusia holds in the green hydrogen sector,” Riquelme stated.
The collaboration aims to establish a European industrial platform where Hygreen Energy and Coxabengoa will develop hydrogen technologies, enhance local production, and supply hydrogen production systems from Andalusia, Spain. Javier Romero, Board Director at Hygreen Energy, emphasized the long-term benefits of this partnership, stating, “The agreement between Hygreen Energy and Coxabengoa will significantly advance the hydrogen economy across Europe by leveraging both companies’ strengths to advance electrolyzer technology, expedite market adoption, and capture the rapid growth of green hydrogen.“
Related Article: Masdar, TotalEnergies Partner to Develop Commercial Green Hydrogen to SAF Project in Abu Dhabi
Hygreen Energy, a global leader in electrolyzer manufacturing with over 17 years of experience and a manufacturing capacity of 2 GW as of 2024, sees this partnership as a strategic move to expand its market presence in Europe. Coxabengoa, with its expertise in renewable technologies, will play a critical role in this expansion by integrating components and products for hydrogen production. The partnership aims to provide the European market with a competitive pathway to green hydrogen adoption, aligning with Andalusia’s strategy to integrate the entire value chain within the region.
This strategic alliance is expected to create numerous skilled jobs in Andalusia and foster a broader regional hydrogen economy. “This investment by Hygreen Energy marks a major step forward for Andalusia’s green energy ambitions,” the Andalusian government noted. By combining Hygreen Energy’s expertise in electrolyzer solutions and Coxabengoa’s capabilities in production and integration, the partnership is set to accelerate the development of a sustainable and competitive green hydrogen market in Europe.
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Coxabengoa
Enrique Riquelme
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Javier Romero
Juanma Moreno
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