HVR Energy secures €12.75m financing from ICO for 30 hydrogen refuelling stations in Spain
Type: Financing · Technology: Hydrogen · Country: Spain · Value: EUR 12.75M · Announced: 2026-03-31
HVR Energy secured €12.75m in financing from the Instituto de Crédito Oficial (ICO) to deploy 30 hydrogen refuelling stations across Spain under its ACTIVA project. The stations will be installed at existing service stations and offered under an all-inclusive leasing model, eliminating upfront investment for operators. An additional €7.6m grant from the European Commission’s CEF AFIF programme supports the initiative, with ICO acting as the implementing partner. The ACTIVA project targets 30 of the 38 hydrogen stations awarded in Europe’s latest CEF AFIF call, aligning with EU climate targets and the Alternative Fuels Infrastructure Regulation (AFIR) objectives. The modular and scalable infrastructure aims to expand renewable hydrogen access in transport, reducing barriers to decarbonisation.
Counterparties
- HVR Energy (Borrower)
- Sistema de Jubilación de los Empleados Públicos de California (Lender)