EDP has become the latest member of the ‘Choose Renewable Hydrogen’ initiative established to encourage the European Commission to expand its investments in green hydrogen.
By joining the initiative, EDP will work aside Akuo Energy, BayWa r.e., Enel, Iberdrola, MHI Vestas, Ørsted, Vestas, SolarPower Europe and WindEurope to campaign for the use of hydrogen as the most economical and sustainable solution for decarbonisation.
The CEO of EDP, Antonio Mexia, signed an open letter to Frans Timmermans, the vice president of the European Commission, to highlight the economical and environmental benefits of investing in green hydrogen.
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The open letter was also signed by presidents of other members of the ‘Choose Renewable Hydrogen’ initiative.
The letter states that investing in green hydrogen is the most sustainable, cost-effective and most efficient way to decarbonise Europe and help the bloc to recover from COVID-19 and its economic consequences.
The green hydrogen market will help create jobs in Europe.
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Green hydrogen produced by electrolysis and powered by 100% renewable electricity does not produce any greenhouse gas emissions and will allow the European Union to reduce its energy dependence on other countries.
EDP is one of the first companies to announce its commitment to hydrogen in Portugal through the development of a pilot project at the Ribatejo Combined Cycle Plant.