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Portugal s tax watchdog investigating EDP s dams sale
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Portugal s EDP spurs green push with 24 bln euro investment plan
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EDP launches green hydrogen and energy storage business units
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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.
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.