As we pave the way to achieving our climate change goals, hydrogen will play a critical role in the global journey to Net Zero. The world needs to transition faster to meet the targets of the Paris Agreement, requiring an increase in renewable power, green hydrogen, and synthetic fuels to power hard-to-abate sectors.
Billions of pounds in investment, tens of thousands of jobs, and new export opportunities will be unlocked through the UK government’s plans to kick-start a world-leading hydrogen economy by 2030.
The UK government also project the levelised cost of hydrogen from dedicated offshore renewables to be £70 ($83)/MWh by 2050. The Net Zero Technology Centre’s Integrated Energy Vision report predicts that the UK could need up to 253 TWh of green hydrogen by 2050 – around 85% of domestic gas demand.
“Achieving these targets will require abundant renewable energy, supply chain expertise, cost reductions, technology development and improved electrolyser efficiency,” says Babak Moradi, Senior Project Engineer at the Net Zero Technology Centre.
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