SHYNE – €3.23 billion renewable hydrogen investment in Spain

The Spanish Hydrogen Network (SHYNE) is a 33 member consortium which is being led by Repsol to advance hydrogen in Spain.

The consortium, claimed as the largest of its type in Spain, has the stated aim of promoting renewable hydrogen projects in all areas of the Spanish economy and, thus, stimulating rapid and effective decarbonisation through this energy vector.

The accumulated investment, the equivalent of $3.65 billion, is anticipated to enable the implementation of different initiatives for the production, distribution and use of renewable hydrogen in the industrial sector and in transport among other applications, as well as for the development of pioneering technologies and the acceleration of the deployment plans for this gas.

In total the consortium is eyeing an installed capacity of 500MW in 2025 and 2GW by 2030 – half the 2030 4GW target set by the Spanish government in its 2020 Hydrogen roadmap.

Have you seen?
Linde tests membrane technology to extract hydrogen from natural gas blend
Stimulating the growth of Europe’s green hydrogen economy

"Spain has the opportunity to play a very relevant role in the European renewable hydrogen field,” says CEO of Repsol Josu Jon Imaz.

“SHYNE will allow us to unite our competences and drive the capabilities we need from small and medium-sized companies to accelerate the decarbonisation of the Spanish economy together."

SHYNE intends to deploy projects in ten autonomous communities to generate an ecosystem that connects the large regional hydrogen initiatives already underway, such as the Basque Region Hydrogen Corridor (BH2C), the Hydrogen Valley of the Region of Catalonia and the Hydrogen Valley of the Region of Murcia.

Innovation hubs

In addition, SHYNE will promote the creation of two new innovation hubs in the regions of Castile-La Mancha and Madrid. Their objective will be the advancement of technologies that are under development, such as photoelectrocatalysis – the production of hydrogen from water and sunlight – and solid oxide electrolysis.

A knowledge management centre will also be created in Madrid to coordinate cross-cutting actions and position the participating technology centres and universities as centres of reference in Europe.

The members of the SHYNE consortium include 22 companies from different sectors and eleven associations, technology centres and universities.

In addition to Repsol as the lead, promoting partners, all leading companies in their sectors, are bus express company Alsa, Bosch, steel company Celsa, gas system operator Enagás, road transport specialist Scania and rail rolling stock developer Talgo.

With the synergies between the companies, the investment and development opportunities across the hydrogen value chain should be maximised.

Repsol regards renewable hydrogen as one of the pillars of its strategy to achieve zero net emissions by 2050 and is partnering with Enagás to develop photoelectrocatalysis as a proprietary technology.

In its hydrogen strategy released in October 2021, the company committed to investments across the hydrogen value chain over €2.5 billion by 2030.