Repsol and Navantia Seanergies, Navantia’s green energy division, have signed a collaboration agreement to jointly explore business opportunities in renewable hydrogen production in Spain.
The signing took place at Navantia’s Turbine Factory in Ferrol, a center that will play a key role in this agreement. The two companies have agreed to combine knowledge and efforts for the industrial development of renewable hydrogen.
On the one hand, Navantia Seaenergies has announced the start-up of an electrolyzer production line at its Turbine Factory in Ferrol.
On the other hand, Repsol will promote the installation of this equipment for the production of renewable hydrogen in its ambition to lead the market in the Iberian Peninsula and thus reach its capacity targets, set at 1.9 GW in 2030.
In this way, both entities seek to position Spain as an international leader in the production of renewable hydrogen, while also contributing to reindustrialization, quality employment and economic development in the country.
“Navantia Seanergies is committed to a model of collaboration and partnership with leading companies in both offshore wind and hydrogen, an energy vector that offers enormous possibilities for decarbonizing the economy and committing to sustainable growth. The manufacture of electrolyzers to produce hydrogen is a new business opportunity with great potential for our Turbine Factory”, said Javier Herrador, director of Navantia Seanergies.
Repsol is currently the leading producer and consumer of hydrogen on the Iberian Peninsula, and has renewable hydrogen as one of its key transformation pillars for achieving its goal of being a company with zero net emissions by 2050. The multi-energy company has its own renewable hydrogen strategy to deploy projects throughout the value chain, with a planned investment of 2,549 million euros by 2030.
Navantia Seanergies develops its activity around two main axes: infrastructures for offshore wind energy and the development of hydrogen as an energy vector. In the latter field, Navantia Seanergies seeks to become a benchmark company in the field of decarbonization of the maritime and naval sector, offering low-emission propulsion solutions (in the short and medium term) and zero emissions in the long term, and to establish itself in the hydrogen value chain through the manufacture of components (such as electrolyzers, a key element to ensure the sustainable development of this technology), and the industrialization of generation plants, either in a coastal or offshore environment.
In the last year, Navantia’s Turbine Factory has developed a process of modernization and digitalization of its production processes with the implementation of a Smart Factory model that will allow it to improve its efficiency and competitiveness. This project is an opportunity to leverage its experience and high level of qualification in the framework of large assemblies and machining, and to advance in its incorporation to the development of hydrogen, with growth expectations far above the majority of industrial sectors.
This agreement is in addition to other collaborations between Navantia and Repsol in the field of decarbonization and green energies.