There is an interesting article this morning in the FT on hydrogen advocating government interventions to bring forward the necessary large scale projects particularly in the industrial supply. If we are serious about Net Zero many believe these interventions need to come forward soon. The first projects need to have the drive get through consenting and the financial investment decisions before the build starts. Then factor in the build and learnings from the first wave of projects and we could rapidly be approaching the later part of the decade. If we do not grasp the nettle soon, the UK's 2050 target will start to look even more challenging.
There are some great, albeit relatively small hydrogen projects already in train, including the innovation needed around converting renewable energy into hydrogen for storage and transport fuels. The UK has an opportunity to grow a hydrogen economy with the jobs that come alongside it.
It is time to unlock the potential of hydrogen