This is according to news publication HY News, who claims that recent geopolitics and shortages in fossils fuels and gas could see the UK’s Government further their commitment to hydrogen and renewables.
An increase in renewable energy commitments could well see it coupled with hydrogen production projects for mass energy storage.
If this occurs, the UK could become a prime area in which to invest in hydrogen technologies and innovation whilst also expanding its business to Europe.
Kwasi Kwarteng said in the Mail, “We also need to look at hydrogen – the new super fuel – to combat Russian gas… with the global low-carbon hydrogen economy set to be worth £530 billion by 2050, this booming market is ours for the taking.”
Europe has already increased its renewable energy and hydrogen targets for 2030 and with the need to continue the fight against climate change as well as mitigate the impact of the Ukraine-Russia conflict, hydrogen could well be utilised further in the UK.
Making hydrogen happen
This March, H2 View will explore A Climate for Action and Investment in Europe in an immersive virtual event that features some of the leading stakeholders and influencers in hydrogen, including a Women in Green Hydrogen panel.
Confirmed speakers include the Hydrogen Europe, Clean Hydrogen Partnership, FiveT Hydrogen, Airbus, Nel, BMW, Michelin and more.
Further information on the event, agenda and confirmed speakers can be found here.
To book your ticket for €79, click here.