| Abstract |
Low carbon hydrogen will be vital to achieving net zero
by 2050, with the potential to help decarbonise key UK
industrial sectors and provide energy across heat,
power and transport.
The UK Hydrogen Strategy reaffirmed the
Governments aim, working with industry, to have 5GW
of low carbon hydrogen production capacity in the UK
by 2030.
The recent series of policy announcements on the Net
Zero Hydrogen Fund, Business Model and a Low Carbon
Hydrogen Standard represent the next substantial step
forward in government support for the development of
a thriving hydrogen economy.
We expect that up to 1.5GW of hydrogen production
capacity to be in operation or construction by 2025,
providing the necessary certainty to unlock the £4bn of
private investment we want to see up to 2030.
Low carbon hydrogen will be vital to achieving net zero
by 2050, with the potential to help decarbonise key UK
industrial sectors and provide energy across power,
transport and heat.
After setting out an aim for 5GW of low carbon hydrogen
production capacity by 2030 in the UK Hydrogen Strategy
we are now doubling our ambition to up to 10GW by
2030, subject to affordability and value for money, with
at least half from electrolytic hydrogen.
The recent policy announcements on a Net Zero
Hydrogen Fund to support deployment, a business model
to ensure long-term revenue support, and a Low Carbon
Hydrogen Standard to enable market access and certainty
represent the next substantial step forward to developing
a thriving UK hydrogen economy.
We expect that up to 2GW of low carbon hydrogen
production capacity will be in operation or construction
by 2025, providing the necessary certainty to unlock over
£9bn of private investment we want to see by 2030 |
