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BRUSSELS (Reuters) - A consortium of 19 hydropower companies and organizations said it will receive European Union funding of 18 million euros ($20 million) to research the green energy form’s role, as the 28-member bloc seeks to become carbon neutral by 2050.

For more information about the XFLEX HYDRO project please visit their website -

Under the deal, the “XFLEX HYDRO project” will get funds to explore how hydropower can stabilize variable renewables such as wind and solar, the European Commission said in a statement.

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