H2med Hydrogen Corridor Reaches Key Milestone with the Launch of the BarMar Company

This major new step, coming one year after the signing of a Joint Development Agreement in June 2024, provides a clear structure and accelerates the implementation of this essential component of the European Union's first clean hydrogen corridor, which aims to cover 10% of Europe's hydrogen consumption by around 2030.

The new company, which will be based in the South of France, in Région Provence-Alpes-Côte d'Azur, defines the project's governance structure. The shareholding is distributed as follows: EIH-Enagás with 50%, NaTran with 33.3%, and Teréga with 16.7%. This split reflects the overall balance of the H2med project, which is shared 50% by Spain and 50% by France. Mr. Francisco Pablo de la Flor, from Enagás, has been appointed as the new entity's Chief Executive Officer (CEO).

This pivotal milestone is announced eight days after European support was reconfirmed during a highlevel meeting between the leaders of the five companies involved in the H2med project and the Executive Vice-President of the European Commission, Ms. Teresa Ribera, who oversees the Green, Just and Competitive Transition.

The project's momentum is further solidified by the recent signing of Grant Agreements with the
European Climate, Infrastructure and Environment Executive Agency (CINEA) for the BarMar and CelZa (Celorico–Zamora) projects. The funding secured represents 100% of the funds requested under the Connecting Europe Facility (CEF) and covers 50% of the development costs. These funds are crucial for launching the engineering studies, marine reconnaissance surveys, and environmental impact assessments required for the permitting process.