The EDP Group has launched two units that will study the potential of green hydrogen and energy storage systems.
The H2 Business Unit (H2BU) will be the new branch of the group for the development of green hydrogen projects, while the dedicated storage unit, created in EDPR NA, is expected to reach a storage capacity of 1GW in five years.
The green hydrogen market represents one of EDP s growth axes, the result not only of the decarbonisation objectives, but also of the cost reduction that has occurred, and it is expected to become competitive throughout this decade.
With the creation of the new business unit, EDP intends to strengthen the integration of green hydrogen in the group s portfolio in a strategic and transversal way and to promote investment in renewable energies.
Business Planet looks at how one German firm s hydrogen technology could bridge the gap in the quest for clean energy.
For decades hydrogen has been touted as a fuel of the future. But despite its huge potential to decarbonise the economy, the element has never really lived up to its enormous promise.
German firm Hydrogenious, however, reckons hydrogen s day in the sun has finally arrived. The company says its tech can safely store, handle and transport hydrogen at low cost. That is important for so-called green hydrogen - hydrogen made without fossil fuels - as it provides the means to link renewable energy production sites, like wind farms and solar power plants, to areas where the hydrogen is most needed.
European Hydrogen strategy
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