Scotland's Hydrogen Export Strategy Poised to Unlock £93 Billion Opportunity
Key Ideas
- Offshore Energies UK highlights Scotland's potential to become a key hub for low carbon hydrogen production, citing a £93 billion export opportunity between 2035 and 2040.
- The strategy focuses on developing hydrogen transportation and storage infrastructure, blending hydrogen into the gas grid, and utilizing price support mechanisms like contracts for difference to scale up production.
- OEUK emphasizes the importance of government and industry collaboration to ensure investable business models for early projects and to help UK firms compete in the global hydrogen market.
- Hydrasun, a specialist hydrogen solutions company in Glasgow, showcases innovative products and services for the transport and industrial sectors, aligning with the strategy's goals for growth and technology advancements.
Offshore Energies UK (OEUK) emphasizes the potential of Scotland's new hydrogen export strategy to leverage the nation's industrial strengths and unlock a £93 billion export opportunity. Scotland's Acting Cabinet Secretary for Net Zero and Energy, Gillian Martin, launched the strategy at Hydrasun's facility in Cambuslang, Glasgow. OEUK supports scaling up the low carbon hydrogen market as a crucial tool for achieving net zero objectives, with a focus on developing infrastructure and blending hydrogen into the national gas grid.
OEUK's director of sustainability & policy, Michael Tholen, highlights the report commissioned from Rystad Energy, indicating the substantial opportunity for UK firms between 2035 and 2040, driven by investments from countries like the US and Australia. The organization calls for government support through policies and industry collaboration to ensure the competitiveness of UK firms in the global hydrogen market.
Hydrasun, a member of OEUK, offers hydrogen system solutions for transport and industrial sectors in the UK and international markets. The company's Hydrogen Design and Manufacturing Centre in Glasgow was visited by Ms. Martin, showcasing their innovative products for hydrogen refueling, industrial panels, and training services.
The strategy aims to propel Scotland into the forefront of the emerging hydrogen markets by enabling export opportunities and fostering technological advancements in both green and blue hydrogen. The collaboration between government, industry, and companies like Hydrasun is crucial to realizing the growth potential in the hydrogen sector and ensuring the UK remains competitive globally.
Topics
Blue Hydrogen
Renewable Energy
Infrastructure
Innovation
Global Market
Government Support
Economic Growth
Industrial Development
Export Opportunity
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