ErasmoPower2X

ErasmoPower2X is developing one of the largest hydrogen projects in Europe that will accelerate the Spanish energy transition, and ultimately supply the European market for green molecules. Established as a partnership between Dutch developer Power2X (a project developer backed by CPPIB) and Spanish solar power project developer Soto Solar in 2023, the company will realize a 1.2 gigawatt solar plant and integrated hydrogen plant in Castile-La Mancha to produce fifty-five thousand tons of green hydrogen per year with the possibility to expand. The one-billion-euro project will supply Spain’s local heavy industry first, reducing CO2 emissions by an estimated one million ton per year and decreasing local gas demand.

ErasmoPower2X is set up for success as a renewable energy pioneer. Through its partners Power2X and Soto Solar, the project builds on their vast expertise in renewable technology and project development as well as access to capital from long-term investors. All involved partners have the strategic vision and required risk appetite to develop this project and operate the plants and assets for decades to come.

The dedicated team in Madrid is growing quickly as the project develops. From the current team of a few highly experienced professionals working with a technical team of hydrogen experts, ErasmoPower2X plans to employ more than fifty people during the full project life-cycle, mostly in project management, finance, and technical functions. The company nurtures an agile and collaborative culture to facilitate the flexibility and partnerships required to build the new green hydrogen frontier.