The project consists of an electrolyser of 100 MW to produce green H2 (13 000 t p.a.) in the Municipality of Onda (Valencian Community, Spain) under Hydrogen Purchase Agreements to Industrial Offtakers (ceramic cluster) and for Mobility. The COD is Q1 2027. The H2 will be distributed through a new H2 grid. The green electricity required will be provided by PPAs from renewable energy plants. We partner with leading technology-players in the H2 industry and other EU equipment suppliers.
Project details
FUNDING
Project timeline
2014
Start of project development
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 regional Government of the Valencian Community and local Government authority – Onda City Councill support the development and implementation of Orange.bat as a crucial actor to help decarbonise the local 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
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.