Green Hydrogen Business Strategies

Moeve's 2030 Positive Motion strategy is a comprehensive plan aimed at driving the energy transition and promoting sustainable practices across its operations. The strategy focuses on several key areas, including the development of green hydrogen and biofuels, the reduction of carbon emissions, and the promotion of circular economy principles. Moeve has committed to investing between €7,000 and €8,000 million, with more than 60% of this investment directed towards sustainable initiatives. The company aims to achieve a 55% reduction in emissions and a 15-20% reduction in carbon intensity by 2030, compared to 2019 levels. Additionally, Moeve plans to achieve net-zero emissions before 2050 and reduce freshwater abstraction in water-stressed areas by 20% by 20252.

The Positive Motion strategy also includes significant milestones such as the development of the Andalusian Green Hydrogen Valley, the largest green hydrogen project in Europe, and the construction of a 2G biofuels plant, which will be the largest in Southern Europe. Moeve is also focused on creating one of the largest ultra-fast charging networks in Spain and Portugal, with more than 160 ultra-fast chargers already connected and a goal of reaching 400 by 2024. The company is committed to promoting sustainable mobility and energy solutions, including the production of green hydrogen and biofuels, and the reduction of CO2 emissions throughout their life cycle. Moeve's Positive Motion strategy underscores its dedication to leading the energy transition and creating a positive impact on the environment and society.

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