EDP Ventures is actively supporting the hydrogen economy and has revealed that it is aiming to double its investments in start-ups in the scale up phase to contribute to the energy transition.
This will see the company scale its investment from an already figure of €45m ($49m) to around €100m ($109m).
In order to achieve this, EDP will now participate in both Series B and Series C investment rounds to support growing technologies and hydrogen innovation with plans to invest up to €10m ($10.94m) per company.
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