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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.