Photo: Repsol.

By Martin Chomsky/PP

Repsol announced the creation of its SHYNE (Spanish Hydrogen Network) project. The initiative gathers 22 companies and 11 associations, tech centers and universities under the leadership of Repsol to promote renewable hydrogen projects. Through this venture, the firm aims to accelerate the decarbonization process and enhance the energy transition throughout the nation.

“Spain has the opportunity to play a very relevant role in the European renewable hydrogen field and SHYNE will allow us to unite our capabilities and bring together those we need from small and medium-sized companies to accelerate together the decarbonization of the Spanish economy,” said Josu Jon Imaz, CEO of Repsol.

The projects under SHYNE supervision will amount up to a €3.2 billion investment. These initiatives are focused on the production, distribution and implementation of renewable hydrogen in the industrial and transportation sectors as well as developing new technologies for the deployment of the fuel. Besides Repsol, the network counts with six sponsoring partners: Alsa, Bosch, CELSA Group, Enagás, Scania and Talgo.

“Renewable hydrogen is a national project. It is the piece of the puzzle we were missing to move towards the decarbonization of the economy and achieve climate neutrality in 2050, and to advance in the development of knowledge, ‘made in spain’ technology and the consolidation of the business fabric and industrial value chains. Spain has a unique opportunity and all the capacity to lead the hydrogen industrial value chain in Europe,” added Sara Aagesen, Secretary of State for Energy.

SHYNE seeks to generate an ecosystem to connect the regional initiatives focused on hydrogen that are taking place. It will also promote the creation of two new innovation hubs in Castilla-La Mancha and Madrid, with the goal of developing competitive technologies like photoelectrocatalysis or solid oxides electrolysis (SOEC).

The project aims to synergize the collaboration of companies involved and to favor coordinated industrial developments in the hydrogen chain of value. This will also involve the creation of approximately 13.000 job positions.