UK Push for Affordable Green Hydrogen Production
Key Ideas
  • A new report by RenewableUK and Hydrogen UK aims to reduce the cost of green hydrogen production by 58%, from £241 to less than £100 per megawatt hour.
  • Recommendations include incentivizing electrolysis during off-peak electricity times, reforming the hydrogen production business model, and developing a hydrogen transmission network.
  • Green hydrogen is seen as vital for long-duration energy storage, decarbonizing industries like steel and shipping, and building the future energy system, with significant potential for cost reduction.
  • The report highlights the importance of collaboration between government and industry to attract private investment, create jobs, and drive down costs to support the UK's green hydrogen industry.
A new report by RenewableUK and Hydrogen UK aims to make green hydrogen more affordable by reducing production costs by 58%. The report highlights the importance of UK's potential to produce hydrogen using renewable electricity and recommends measures to unlock economies of scale. Key recommendations include incentivizing off-peak electrolysis, reforming the business model, and developing a hydrogen transmission network. Green hydrogen is seen as crucial for energy storage, decarbonizing sectors like steel and shipping, and building the future energy system. The report emphasizes the need for the UK to collaborate with industry to attract investment, create jobs, and drive down costs to maintain its global lead in green hydrogen technology.
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