Green hydrogen industry could generate £320bn for UK, says report

Development of an indigenous green hydrogen industry could generate £320bn for the UK economy and sustain up to 120,000 jobs by 2050, says new report released on Tuesday.

Offshore Wind and Hydrogen: Solving the Integration Challenge, examines the potential for hydrogen to play a key role in providing the flexibility and short and long-term energy balancing required for integrating high percentages of offshore wind into the UK energy system and achieving the country’s net zero climate change targets.

Launched by the Offshore Wind Industry Council (OWIC) and the Offshore Renewable Energy (ORE) Catapult, the report highlights that the UK has the right level of offshore wind capacity potential, and a strong industrial base, combined with world-leading academic research, to develop a sustainable, low-cost green hydrogen industry, one that produces hydrogen without CO2 emissions from electrolysis of water.

According to the report, this will create a major new manufacturing sector for the UK and substantial export opportunities, bringing significant economic benefits.

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