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Utilities set up hydrogen business units in latest sign of growing investments

Dec 21, 2020 - SNL Energy Finance Daily

RWE and Iberdrola, two of the largest European power generators, have both created separate departments to develop projects and direct investment into the fuel.

Two of Europe's largest utilities have hived off their hydrogen activities into separate business units, signaling the fuel's growing importance in the investment strategies of major energy companies.

Germany's RWE AG said Dec. 17 that it is setting up a new hydrogen business unit within RWE Generation SE, one of the group's ...