A group of Spanish firms have launched a new hydrogen consortium—called the Spanish Hydrogen Network (Shyne)—and will invest €3.23bn ($3.67bn) in technology development.

Spanish oil and gas company Repsol will lead Shyne alongside 21 companies from the aviation, maritime, mobility, steel, gas and electricity sectors, as well as 11 associations, technology centres and universities.

The initiative will act as a network between production and industrial centres and other hydrogen consumers.

“Spain has the opportunity to play a very relevant role in the European renewable hydrogen field. Shyne will allow us to unite our competences and drive the capabilities we need from small and medium-size companies to accelerate the decarbonisation of the Spanish economy together,” says Repsol CEO Josu Jon Imaz.

500MW – Shyne’s 2025 target for installed capacity

Shyne aims to connect large regional hydrogen initiatives currently underway—such as the Basque Region Hydrogen Corridor, the Hydrogen Valley of the Region of Catalonia and the Hydrogen Valley of the Region of Murcia—and will create two new innovation hubs in Castile-La Mancha and Madrid. 

These hubs will focus on further developing and driving down the cost of photoelectrocatalysis and solid oxide electrolysis technologies.

In addition, Shyne will set up a new knowledge centre in Madrid that will coordinate research with partner technology centres and universities.

Shyne targets the installation of 500MW of renewable hydrogen capacity by 2025 and 2GW by 2030.

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Author: Polly Martin