Friday, 19 February 2021 The EDP Group has strengthened its commitment to decarbonization by launching two units that will exploit the potential of green hydrogen and energy storage systems. The H2 Business Unit (H2BU) will be the Group s new arm for the development of green hydrogen projects, while the dedicated storage unit, built in EDPR NA, will aim to achieve a storage capacity of 1 GW within five years.
The green hydrogen market represents one of the growth axes for EDP, the result of not only the decarbonization objectives, but also of the cost reduction that has been achieved and is expected to achieve competitiveness over the course of this decade. As a leader in the energy transition, EDP efficiently and dynamically supports the decarbonization of all sectors of the economy.
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A survey of industry members involved in the installation of technologies eligible under the Green Homes Grants scheme has reinforced claims that administrative delays are behind the low deployment of a £1.5 billion worth of vouchers.
More than 100,000 vouchers applied for and millions of pounds worth of work already undertaken by installers, but to date, only 20,000 vouchers have been issued and even fewer payments for completed work have been made.
The Microgeneration Certification Scheme (MCS), Solar Energy UK, Renewable Energy Assurance Ltd (REAL) and the Home Insulation and Energy Systems Quality Assured Contractors Scheme (HIES) are calling on the Government to implement a four-point plan to address the issues in the scheme: