Enagás Renovable
Enagás Renovable is a Spanish renewable gas project developer that builds, owns, and operates green hydrogen and biomethane production facilities for industrial off-takers, energy companies, and agricultural partners across Spain, with a portfolio exceeding 850 MW.
- Company typePrivate
- Founded2019
- HeadquartersMadrid, Spain
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Enagás Renovable does
Enagás Renovable, founded in 2019 as a subsidiary of Spanish gas infrastructure operator Enagás and headquartered in Madrid, is a renewable gas project developer focused on green hydrogen and biomethane. Its core offerings are the development, construction, ownership, and operation of green hydrogen production facilities via electrolysis (including Spain's first industrial green hydrogen plant in Lloseta, Mallorca, and the 300 MW Onuba project within the Andalusian Green Hydrogen Valley) and biomethane plants that process agricultural, livestock, food industry, and landfill organic waste into renewable natural gas injected into the Spanish gas grid. Technology is built on licensed WAGABOX RNG upgrading units from Waga Energy, in-house electrolysis deployments (e.g., Sunfire alkaline electrolyzers for the Repsol-led Cartagena and Bilbao projects), and The Green Vector platform, a JV with Genia Bioenergy designed to deploy at least 10 biomethane plants by 2030 with up to 1 TWh/year of capacity.
The company's go-to-market is enterprise B2B, monetizing through project development fees, equity ownership in operating assets, and long-term offtake agreements with industrial customers such as Repsol, Moeve, Vicky Foods, and Agropor, plus co-development joint ventures and municipal partnerships (e.g., Region of Murcia, Bioreciclaje de Cádiz). Revenue mechanics span project development services, hydrogen and biomethane offtake, and recurring grid-injection sales, all priced through bespoke infrastructure contracts that are not publicly disclosed. Enagás Renovable operates as a private company, with majority ownership transferred to Hy24 (an Ardian/FiveT Hydrogen clean hydrogen infrastructure platform) in April 2026 for €48M, giving it a controlling 80% stake while Enagás retains a 20% residual interest it intends to divest to comply with EU gas unbundling rules. The portfolio spans 850+ MW of green gas projects, with 1,000+ MW of advanced electrolysis capacity representing roughly 25% of Spain's 2030 Hydrogen Roadmap target.
Enagás Renovable firmographics
Firmographics- Name
- Enagás Renovable
- Legal name
- Enagás Renovable S.A.
- Website
- https://enagasrenovable.es
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Enagás Renovable is a Spanish renewable gas project developer that builds, owns, and operates green hydrogen and biomethane production facilities for industrial off-takers, energy companies, and agricultural partners across Spain, with a portfolio exceeding 850 MW.
- Ownership category
- akta.pro rank
Enagás Renovable industry classification
Industry- Product category
- Renewable Energy Infrastructure
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), Industrial Gas Manufacturing (32512)
- SIC
- Electric, Gas & Sanitary Services (4900), Natural Gas Transmisison & Distribution (4923)
- akta.pro primary industry
- Methane Abatement Projects (Landfill Gas, Manure, Coal Mine Methane, O&G Methane) (EUABABAL)
- akta.pro secondary industries
- Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Environmental & Permitting Compliance During Construction (Erosion Control, Wildlife Mitigation, Monitoring) (EUAMAFAM)
Keywords
Where Enagás Renovable is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Spain
- HQ region
- Europe
Offices1 record
Markets served
Enagás Renovable business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain
Revenue model
- Project Development Services: Enagás Renovable develops renewable gas projects (hydrogen and biomethane) through equity investment and project development expertise, generating returns through ownership stakes in operating assets and development fees from joint ventures.
- Green Hydrogen Production: Revenue from producing and selling green hydrogen to industrial customers, particularly hard-to-abate sectors like refineries and heavy industry. Includes offtake agreements with partners like Repsol and participation in large-scale projects like the 300MW Onuba facility.
- Biomethane Production and Sales: Revenue from biomethane production and injection into the Spanish gas grid. The company processes organic waste from agricultural, livestock, and food industry sources into biomethane, generating renewable energy credits and gas sales.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Enagás Renovable product offering
Product offeringCore offering
Enagás Renovable develops, builds, and operates renewable gas production projects — primarily green hydrogen via electrolysis and biomethane via anaerobic digestion — for industrial, agricultural, municipal, and energy-sector customers. The company generates revenue through project development services, equity ownership in operating assets, and long-term offtake agreements with industrial off-takers across Spain.
Product overview
Enagás Renovable is a leading Spanish company in the development of green hydrogen and biomethane projects, representing one of the largest European platforms in renewable gases and decarbonization. The company operates across the entire value chain including development, production, distribution, O&M, and commercialization of renewable gases. Its core offerings include green hydrogen production facilities (such as the pioneering Mallorca plant and the Onuba project in Andalusia) and biomethane production through direct operations and its The Green Vector joint venture platform with Genia Bioenergy. The portfolio includes over 20 specific projects in Spain, with flagship initiatives like the Green Hysland project in Mallorca and the UNUE plant in Burgos.
Differentiator
Problem solved
Functional benefit
Products and services
- Green Hydrogen Development
Quantifiable outcome
- 350,000 tonnes of CO2 avoided per year by Region of Murcia biomethane projects
- +4 more outcomes
Companies that use Enagás Renovable
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
Enagás Renovable technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Enagás Renovable partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, flagship and major.
- Waga EnergycoreAgreement for Waga Energy to install and operate its patented WAGABOX technology for RNG production at Medina Sidonia landfill. Waga Energy will provide biogas upgrading services through May 2038, delivering RNG to be injected into gas grid.
- H2med AllianceflagshipAlliance bringing together institutional and business players in hydrogen value chain to accelerate Europe's first major green corridor. Enagás Renovable joined as one of 40 new members. H2med project connects Iberian Peninsula to Northwestern Europe via CelZa and BarMar pipelines.
- VERBUND Green Hydrogen GmbHmajorSubsidiary of Austria's main energy company signed MoU to develop large-scale green hydrogen projects in Spain for export to Central Europe via H2med pipeline and European Hydrogen Backbone.
- AgropormajorPig farming company with 50+ years in Region of Murcia signed agreement to convert bio-waste from farms into biomethane and organic fertilizers through Enagás Renovable's biomethane facilities.
- The Green VectorcoreJoint venture between Enagás Renovable and Genia Bioenergy to promote, develop, build and operate network of biomethane production plants using organic waste. Plans to implement at least 10 plants by 2030 with capacity up to 1 TWh/year.
- Vicky FoodsmajorLeading food company present in 60+ countries agreed to recover bio-waste from Valencia production centers into biomethane and organic amendments through The Green Vector platform.
- Bioreciclaje de CádizcorePublic-private consortium formed by Valoriza, GS Inima, and Consortium for Urban Waste Management in Province of Cádiz, partnered with Enagás Renovable to develop RNG production project at Medina Sidonia landfill.
- MasdarmajorAbu Dhabi-based renewable energy company partnering in Moeve's Andalusian Green Hydrogen Valley project with 51% stake held by Moeve.
- MoeveflagshipSpanish energy company leading Andalusian Green Hydrogen Valley project (Onuba). Enagás Renovable holds stake in Moeve's 300MW first phase of 1GW Spanish hydrogen hub.
- SunfiremajorGerman electrolysis company supplying two 100 MW pressurized alkaline electrolyzer plants for renewable hydrogen projects co-led by Repsol and Enagás Renovable in Cartagena and Bilbao.
- EnaltermajorJoint venture between Enagás Renovable and Alter Enersun, serving as minority partner in Moeve's Andalusian Green Hydrogen Valley project.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
Enagás Renovable competitors and assessment
Company assessmentDirect peers
- Repsol: Spanish integrated energy major with parallel green hydrogen projects (Cartagena, Bilbao, Cartagena refinery) that both partner with and compete against Enagás Renovable for industrial offtakers and EU funding.
- Naturgy: Spanish gas utility developing biomethane and hydrogen projects, with overlapping industrial offtake targets and participation in Spanish hydrogen corridors. Operates one of the country's largest gas distribution networks, providing similar infrastructure leverage.
- Cepsa (Moeve): Spanish energy major leading the Andalusian Green Hydrogen Valley (1 GW Onuba project) where Enagás Renovable holds a stake. Competes as both a partner and a hydrogen developer targeting refineries and heavy industry in Iberia.
- Iberdrola: Spain's largest utility by market cap, with a multi-gigawatt green hydrogen pipeline (e.g., the 800 MW Puentes de García Rodríguez project), biomethane initiatives, and an extensive renewables portfolio. Directly competes for Spanish industrial off-takers, EU subsidy pools, and H2med capacity.
- Waga Energy: French biomethane/RNG technology company and partner of Enagás Renovable on the Medina Sidonia landfill project. Comparable as a European biomethane platform with patented upgrading technology and landfill-gas project pipeline.
Broad incumbents
- ENGIE: French global multi-utility with substantial green hydrogen and biomethane programs across Europe. Provides a broader-incumbent benchmark for project development, offtake structuring, and renewable gas grid injection at scale.
- Shell: Global integrated energy major with hydrogen and biomethane projects (Hydrogen Refinery Amsterdam, Refhyne). Competes with Enagás Renovable for industrial offtakers in NW Europe reachable via H2med.
- Iberdrola - through Avangrid/Northern Renewables: Iberdrola's US subsidiary complements its parent in benchmarking multi-GW renewable project development and green hydrogen scale-up globally. Indirectly comparable through shared technology stack and offtake approach.
Regional players
- VERBUND: Austria's largest utility and partner of Enagás Renovable via an MoU to develop green hydrogen in Spain for export to Central Europe via H2med. Comparable as a renewable-heavy European utility building cross-border green gas supply chains.
Emerging players
- Masdar: UAE-based renewables champion partnering with Enagás Renovable on Moeve's Andalusian Green Hydrogen Valley. Comparable as a green hydrogen developer leveraging strategic partnerships and sovereign backing in EMEA markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Enagás Renovable social profiles
Digital presenceEnagás Renovable financial estimates
Financial estimateRevenue estimate
Valuation estimate
Enagás Renovable leadership team
Management profileNumber of profiles
Profiles8 records
Enagás Renovable subsidiaries and ownership
Company hierarchySubsidiaries1 record
Enagás Renovable funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Enagás Renovable M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Enagás Renovable
What does Enagás Renovable do?
Enagás Renovable develops, builds, and operates renewable gas production projects — primarily green hydrogen via electrolysis and biomethane via anaerobic digestion — for industrial, agricultural, municipal, and energy-sector customers. The company generates revenue through project development services, equity ownership in operating assets, and long-term offtake agreements with industrial off-takers across Spain.
Is Enagás Renovable a public or private company?
Enagás Renovable is a private company. It is classified as private equity controlled and is currently operating.
When was Enagás Renovable founded?
Enagás Renovable was founded in 2019. It employs 11 to 50 people.
Where is Enagás Renovable based?
Enagás Renovable is headquartered in Madrid, Spain, in the Europe region.
How does Enagás Renovable make money?
Three revenue lines are on record. Project Development Services are the primary driver. The others are green Hydrogen Production and biomethane Production and Sales.
Who are Enagás Renovable's main competitors?
Direct peers on record are Repsol, Naturgy, Cepsa (Moeve), Iberdrola and Waga Energy. Broad incumbents are ENGIE, Shell and Iberdrola - through Avangrid/Northern Renewables. VERBUND is listed as a regional player. Masdar is listed as an emerging player.
Does Enagás Renovable have an API?
No public API is recorded for Enagás Renovable.
What industry is Enagás Renovable in?
Enagás Renovable's product category is Renewable Energy Infrastructure. Its primary akta.pro industry code is EUABABAL, Methane Abatement Projects (Landfill Gas, Manure, Coal Mine Methane, O&G Methane), with a secondary code of EUAEADAB, Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting). Its NAICS code is 2211 and its SIC code is 4900.