Impact of the project on the energy transition
The Castellón renewable hydrogen plant will be the largest in Spain and will be powered by electricity from renewable sources, supplied by Iberdrola through a power purchase agreement (PPA). With an investment exceeding 70 million euros, this facility aligns with industry decarbonization goals by replacing gray hydrogen (produced from natural gas) with green hydrogen, enabling a reduction of 23,000 tons of CO₂ annually.
This development will not only benefit BP’s refinery but could also, in later phases, be extended to key industrial sectors such as ceramics, chemicals, and heavy transport in the Valencian Community. Additionally, the project has received 15 million euros in funding through Spain’s Recovery, Transformation, and Resilience Plan, supported by NextGenerationEU funds.
IMEFY: Innovation and leadership in the sector
IMEFY’s CEO, Eduardo Fontecha, emphasized the importance of this contract for the company: “The main feature of this transformer is that its power is not standard (37/33 MVA). However, the most important aspect is its location: the green hydrogen plant in Castellón. We already work regularly with Iberdrola and BP, but this project is very emblematic and will provide us with a significant reference both nationally and internationally.”
Securing the transformer supply contract for the Castellón plant represents a significant achievement for IMEFY. As the demand for green hydrogen continues to grow, IMEFY remains at the forefront of innovation in the sector, demonstrating its ability to meet future challenges.