Hygreen Energy, Coxabengoa come together to revolutionise European Green Hydrogen economy
Chinese electrolyzer manufacturer Hygreen Energy and Spanish water and energy utility Coxabengoa have signed agreement to collaborate on hydrogen technology advancement, market expansion for electrolyzer solutions in Europe, and production capacity expansion that will accelerate European hydrogen project development.
As per reports, Hygreen Energy will be investing about $2.2 billion in the endeavour.
The strategic agreement outlines many initiatives to jointly expand hydrogen generation in Europe, including the development of a European industrial platform where the two companies will advance hydrogen technologies, local production, and supply hydrogen production systems from Andalusia in Spain.
Hygreen said that the agreement which has been in the works for more than a year between the parties is an important step to Coxabengoa’s commitment to sustainable development based on the use of renewable energies, and more specifically, green hydrogen.
Concurrently, this agreement enables Hygreen Energy to rapidly increase its industrial prowess within the European market as it repositions for global growth, while broadening its commercial reach and expanding its innovation across hydrogen technologies.
Hygreen Energy claims to be an innovative global electrolyzer OEM, and a world leader in the design and manufacturing of hydrogen production systems across multiple electrolysis technologies including alkaline, PEM and AEM. With more than 17 years of experience in the sector, over 300 completed projects across 5 continents, and a manufacturing capacity of 2 GW as of 2024, Hygreen Energy sees Coxabengoa as a strategic partner to expand its markets in Europe with Coxabengoa’s market position in Europe across renewable technologies.
The agreement will leverage Coxabengoa’s capabilities in production and integration of components and products, and Hygreen Energy’s extensive expertise in electrolyzer solutions, to offer the European market a competitive pathway to electrolyzer and green hydrogen adoption.
Javier Romero, Board Director at Hygreen Energy, stated, “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.”
Enrique Riquelme of Coxabengoa added, “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 and how it drives international avant-garde projects of enormous scope, such as the one we have signed today.”
