Aveiro Green H2 Valley

The project consists of an electrolyser of around 100 MW that will produce green H2 (9,116 t p.a.) in Oliveira do Bairro (COD beginning of 2027). Focused on Power to Industry, Gas grid Injection and Power to Mobility. Electricity sourced from our PV plant in Aveiro District (170 MWp). We partner with leading technology-players in the H2 industry, e.g. ThyssenKrupp and Sunfire, and other EU equipment suppliers. Advanced talks ongoing with value chain partners, e.g., for offtake and H2 transport.

Link to website

LEAD DEVELOPER

Smartenergy

PROJECT PARTNERS

Electrolyser - Smartenergy partners with leading technology-players in the hydrogen industry, e.g. with ThyssenKrupp and Sunfire; Compressors - Smartenergy has identified potential partners: Sauer, Mehrer, Burckhardt Compression, Maximator, Hofer, etc.

High pressure storage - Smartenergy has identified potential partners with leading technology-players (e.g. Hexagon, Wystrach, etc.)

Conversations ongoing with ceramic and glass industries from Aveiro District, with the support of APICER, the Portuguese Association of Ceramics and Domestic Glass Industries.

MAIN POLITICAL SPONSORS

Oliveira do Bairro Municipality

MAIN LOCATION

Portugal

OTHER LOCATIONS

Project details

H2 PRODUCTION VOLUME

[T/year]:

9,116

INVESTMENT VOLUME

[M€]:

267.40

FUNDING

VALUE CHAIN COVERAGE

PRIMARY ENERGY SOURCING

Electricity from solar PV

H2 PRODUCTION

Water electrolysis with ALK electrolyser

H2 STORAGE

Cylinder - Compressed H2

H2 TRANSPORT

Pipeline - Compressed H2
Trucking - Compressed H2

H2 DISTRIBUTION FOR MOBILITY

END USES

MOBILITY

ENERGY

Hydrogen supply to gas-fired power plants
Hydrogen supply for injection into gas grid

INDUSTRIAL FEEDSTOCK

Project timeline

CURRENT STATUS:

pre-FID (planning, engineering, de-risking, etc.)

2014

2022

Start of project development

2027

Project finalization

2035

KEY SUCCESS FACTORS

PROJECT DEVELOPMENT PHASE

Business model/business case development
The company has the capacity to financially structure and contribute to the project.
Political backing and buy-in
The Portuguese Government and local entities (e.g. DGEG) support the development and implementation of Aveiro Green H2 Valley as a crucial actor to help decarbonise the economy.
Funding
If we have the funding gap closed we will be able to implement the project.
Project's business case
With a good business case, with IRR higher than 8%, we will have good projects.

COMMERCIAL AND FINANCING PHASE

Securing private investors
Securing public financial support (subsidy/grant)
Securing customer commitments to de-risk the financial model

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N.A.: Not available. This is possible due to two reasons: a) the Hydrogen Valley chose to not publicly display the data or b) the Hydrogen Valley did not answer the specific question in the associated survey.