Plug Power (PLUG) and ACCIONA Energia (ACXIF) have presented to the Government of Navarra their Valle H2V Navarra joint project to build an industrial-scale, green hydrogen production plant in Rocaforte, Sanguesa. The project, currently in the development stage, involves the construction of a 25MW electrolyzer on the land plots adjacent to the Sanguesa biomass plant. The electrolyzer will be powered by hybrid renewable energy produced at a photovoltaic plant and a wind farm, both newly built facilities that are currently under development. The plans of Plug and ACCIONA Energia entail a total associated investment of EUR 87M, and the creation of over 500 direct, indirect, and induced jobs during the construction of the plant.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on PLUG:
- Plug to Announce 2022 Fourth Quarter and Year-End Results
- Plug and ACCIONA Energía Present in Spain Their ‘Valle H2V Navarra’ Project to the Government of Navarra
- 3 Green Hydrogen Stocks Ready to Blast Upward
- Plug Power call volume above normal and directionally bullish
- Plug Power, Johnson Matthey announce long-term green hydrogen partnership
