EDF launches a “hydrogen plan” to become one of the European leaders in the sector in 2030

EDF launched on Wednesday a “hydrogen model“to become”one of the leaders“hydrogen production”low carbon“in Europe by 2030, with an investment of two to three billion euros”co-financedby the energy specialist.

these projects”it will be developed and co-financed within the framework of industry associations and will benefit from national and European support mechanisms“, specified the group. EDF intends to specifically expand its low-carbon, nuclear and renewable electricity generation fleet to generate hydrogen through the electrolysis process of water through its subsidiary Hynamics. “Three gigawatts (GW) will produce 450,000 tons of hydrogen each year and save 3 million tons of carbon. 3 Mt of carbon, which represents half of maritime trafficFranco-international, Alexandre Perra, executive director of innovation, corporate responsibility and strategy at EDF, told a press conference.

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“100% low carbon hydrogen”

«Our goal is to produce 100% low-carbon hydrogen, which will be the vector to achieve carbon neutrality for the uses that are most difficult to decarbonize.“, Alexandre Perra said again. “Low-carbon hydrogen produced from the electrolysis of water has an important role to play in decarbonising heavy mobility: buses, dumpsters, trucks and trains in non-electrified areas.“, specified the group. Today, most of the 80 million tons of hydrogen produced in the world is produced from fossil fuels and mainly from gas. EDF also took stock of previously announced plans, in particular to develop renewable energies, solar and wind in particular.

«The group invested nearly two billion euros in renewable energy last year“, declared Bruno Bensasson, CEO of EDF Renewables, referring to a”acceleration” of the growth of this activity, which intends to continue despite a financial situation “Complicatedfor FED. “Regarding EDF Renewables, we will be able to increase significantly, up to almost 30%, our spending on development and investment, this is a very clear testimony of the group’s investment in this area.“, he said.

The group, which expects a setback in its performance in 2022, will have to deal with problems in its nuclear production and government measures to limit the rise in electricity bills. Its gross operating surplus (Ebitda) should be reduced by more than 26,000 million euros in the 2022 financial year, which has decided that the State, its main shareholder, will take over the portfolio, through a capital increase this spring, toensure its financing capacity in the short and medium term».

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