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

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

These projects “will be developed and co-financed within the framework of industrial partnerships and benefiting from national and European support mechanisms“, specified the group. EDF intends to specifically extend its low-carbon electricity generation fleet – nuclear and renewable – to generate hydrogen by water electrolysis process through its dedicated subsidiary Hynamics. “Three gigawatts (GW) will produce 450,000 tonnes of hydrogen each year and save 3 million tonnes of carbon. 3 Mt of carbon, that represents half of maritime trafficFranco-international, said at a press conference Alexandre Perra, executive director of innovation, corporate responsibility and strategy at EDF.

SEE ALSO – Energy: “France can be one of the world champions of carbon-free hydrogen”, according to Bruno Le Maire

“100% low-carbon hydrogen”

We aim to produce 100% low-carbon hydrogen, which will be the vector for achieving carbon neutrality for the most difficult to decarbonize uses.“, said Alexandre Perra again. “Low-carbon hydrogen produced from water electrolysis has a major role to play in decarbonizing heavy mobility: buses, dumpsters, trucks and trains in non-electrified areas“, specified the group. Today, most of the 80 million tonnes of hydrogen produced in the world are produced from fossil fuels and above all from gas. EDF also took stock of plans announced previously, in particular to develop renewable energies, solar and wind in particular.

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

The group, which expects a dip in its performance in 2022, must 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 billion euros in the 2022 financial year, which has decided the State, its main shareholder, to get its hands on the portfolio, via a capital increase. this spring, forsecure its financing capacity in the short and medium term“.

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