New Spanish hydrogen consortium to invest €3.23bn

The 33-member Shyne association, led by Repsol, is Spain’s largest multisector consortium

A group of Spanish firms have launched a new hydrogen consortium—called the Spanish Hydrogen Network (Shyne)—and will invest €3.23bn ($3.67bn) in technology development. Spanish oil and gas company Repsol will lead Shyne alongside 21 companies from the aviation, maritime, mobility, steel, gas and electricity sectors, as well as 11 associations, technology centres and universities. The initiative will act as a network between production and industrial centres and other hydrogen consumers. “Spain has the opportunity to play a very relevant role in the European renewable hydrogen field. Shyne will allow us to unite our competences and drive the capabilities we need from small and medium-size co