Spanish state bank pumps €12.8m into hydrogen refuelling units

Spanish state-owned bank the Official Credit Institute (ICO) has awarded €12.8m ($14.9m) to support the deployment of 30 hydrogen refuelling systems in the country.

The grant will be allocated to hydrogen refuelling firm HVR, which plans to install 75 refuelling stations across Europe’s Trans-European Transport Network before 2030.

HVR’s Activa platform is designed to be installed at existing refuelling sites and can dispense hydrogen at 350 and 700 bar for both passenger and heavy-duty vehicles.

Specific locations for the 30 units remain undisclosed.

This latest funding follows a €7m ($8.2m) investment in HVR’s plans by ICO last year for 20 Activa units.

In February, HVR signed an agreement with the Spanish Confederation of Service Station Business Owners outlining plans to advance the project.

Europe continues to see its hydrogen refuelling infrastructure build up as the mobility sector moves to align with EU mandates. Green hydrogen will be required to account for 1.2% of transport energy by 2030, ramping up to 8% by 2040.

French firm Atawey recently secured a contract to install three new seven-tonne-per-day hydrogen refuelling stations in Belgium for heavy-duty vehicles.

Companies including MB Energy and Orlen are also among those to have installed refuelling infrastructure on the bloc since the beginning of 2026.

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