Moeve Breaks Ground on Billion Euro Hydrogen Project
Spanish energy company Moeve has begun construction on its one billion euro green hydrogen project in southern Spain. CEO Maarten Wetselaar noted that volatile natural gas prices have made green hydrogen competitive against traditional alternatives.
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Spain's Moeve has broken ground on a €1 billion green hydrogen project, as energy markets upended by conflict in Iran drive demand for cleaner fuels. The Onuba project marks one of Europe's largest renewable hydrogen developments to date. Soaring costs for Natural Gas have suddenly made green hydrogen economically competitive with traditional grey hydrogen.
