RWE is investing in hydrogen
RWE to build 2GW of electrolyser capacity by 2030
Firm will invest €500mn/yr on flexible generation and hydrogen technologies over coming decade
RWE aims to build 2GW of electroyser capacity by 2030 as part of a new strategy to invest €50bn ($57bn) in clean technologies. The firm announced plans to spend an average of €5bn/yr on offshore and onshore wind, solar, batteries and hydrogen over the period, expanding its renewables portfolio from 25GW to 50GW across Europe, North America and Asia-Pacific. Of this annual spend, €500mn is earmarked for flexible generation and the expansion of hydrogen. RWE is well-positioned to benefit from the expanding hydrogen economy, according to CEO Markus Krebber. “When it comes to the future topic of hydrogen, we have all the possibilities under one roof: from green electricity production, to experti
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