Portugal – Lisbon based EDP Group has increased its contribution to decarbonization by introducing two units that will harness the capacity of renewable hydrogen and energy storage systems.
The H2 Business Unit (H2BU) will be the Group’s latest arm for the production of green hydrogen ventures, whilst the dedicated storage unit, installed in EDPR NA, will seek to reach a storage capacity of 1 GW in five years.
Effective and dynamic
The green hydrogen sector is one of the growth axes for EDP, the result not only of the decarbonization goals, but also of the cost reductions that have been accomplished and are projected to achieve sustainability over the course of this decade. As a pioneer in the energy transition, EDP facilitates the decarbonization of all aspects of the economy effectively and dynamically.
Through the formation of a new business unit, EDP seeks to improve the strategic and cross-cutting incorporation of green hydrogen into the Group’s portfolio and to encourage investment in renewable energy.
Europe and the US priority
H2BU will concentrate its future growth activities on green hydrogen in lucrative sectors such as the steel, chemistry, refineries and cement industries, as well as long-haul heavy transport. The priority markets will be the United States and Europe, exploiting the current clean and productive pipeline and complementing the decarbonization strategies provided by the Group to its clients.
New unit to aggregate energy storage projects
EDP Renováveis (EDPR) has developed a new business unit devoted to the production of energy storage technology in order to improve its critical position in the energy transition. This unit, which will be affiliated with the operation of EDPR in the United States, will focus on the study of storage technologies and will be a further step in EDP’s contribution to progress in the production of renewable energy.
In the case of both green hydrogen and energy storage, the EDP Group has conducted a range of projects that have aimed to develop awareness and test the feasibility of these clean energy solutions.
Strengthening ambition on an already walked upon path
In the case of hydrogen, EDP has a pilot project at the Ribatejo Central, a cooperation at H2Sines and a collaboration with the Alenquer City Council, among other entities. At the international level, EDP is creating a Behyond initiative, a collaboration between Portugal and Norway to research the feasibility of offshore hydrogen development, and is also interested in the formation of a European hydrogen industry with the European Clean Alliance.
The contribution of EDPR to this technology is also evident in energy storage. In 2018, the company opened a pioneering facility for the storage of wind power in Cobadin wind farm batteries in Romania. As early as 2019, EDPR unveiled a solar park-related battery system, also in Romania, and announced the construction of the Sonrisa solar project in the state of California, corresponding to a PPA of 200 MW and an energy storage capability of 40 MW.