Specifically, the expansion plans announced today include the construction of a new electrolyzer manufacturing plant in Malaga, Spain, where Hygreen Energy will initially focus on producing its 5MW electrolyzers, which comply with European standards, with a production capacity of up to 5 GW, scaled according to demand in Europe. Additionally, the company plans to create a research and development program dedicated to advancing electrolyzer technologies, plus an alkaline 10MW testing platform. Finally, Hygreen Energy plans to build large-scale green hydrogen production plants with strategic partners, totaling up to 1.12 GW in capacity, in the Andalusian province of Huelva.
The company estimates that these projects will attract and infuse over €2 billion in capital and resources, benefiting both the region and the broader hydrogen economy. These initiatives extend beyond Hygreen Energy’s recent announcements in the region, which include separate agreements with Coxabengoa, Voltan, and Kemtecnia, all aimed at creating a comprehensive ecosystem for Hygreen Energy’s electrolyzer customers, project developers, and EPC providers.
Benny Wang, CEO at Hygreen Energy, said: “By establishing an electrolyzer factory, launching an R&D program, and developing green hydrogen plants, Hygreen Energy will be well positioned to capitalize on the burgeoning hydrogen market in Europe, offering electrolyzer solutions that are precisely primed for Europe and tailored to our customers’ project performance and delivery needs.”
