UK hydrogen industry to generate £7bn in annual GVA if pace is maintained, states report

The latest Hydrogen UK report has forecasted that the country’s hydrogen sector will result in over 29,000 direct jobs and £7bn ($8.7bn) in annual direct and indirect GVA by 2030.

The Economic Impact Assessment for the Hydrogen Sector to 2030 paper takes into account the UK Government’s ambition of producing 10GW of low-carbon hydrogen by the end of the decade, with production itself potentially accounting for 8,500 jobs and £2.9bn (£3.6bn) GVA.

The study has identified that there will be a higher concentration of benefit in regions that have historically received lower levels of investment, for example, Tees Valley and Scotland.

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