Fueling Growth: The Economic Potential of Hydrogen in North West Region
Key Ideas
  • A new report by the North West Hydrogen Alliance predicts a £3.4bn economic boost and 11,500 jobs in the region by 2030 through hydrogen initiatives.
  • Key projects like HyNet North West and HPP1 are driving the region's hydrogen ambitions, attracting government support and creating opportunities for job seekers.
  • The hydrogen value chain, from production to end uses, presents employment prospects in critical infrastructure development and business roles, contributing to the region's GVA.
  • The development of a hydrogen economy not only facilitates decarbonisation but also safeguards existing jobs while creating new opportunities for skill diversification.
A recent report by the North West Hydrogen Alliance highlights the immense economic potential of hydrogen in the North West region of the UK. The report forecasts a significant boost of £3.4bn to the region's economy and the creation of 11,500 jobs by 2030 through various hydrogen initiatives. The hydrogen 'value chain,' encompassing production, infrastructure development, and end uses, is positioned to have a substantial impact on employment and the region's Gross Value Added (GVA). Key projects such as HyNet North West and HPP1 are pivotal in driving the region's hydrogen ambitions and have garnered government support. These projects offer numerous opportunities for individuals seeking to be part of the hydrogen sector's growth. The report also emphasizes the employment prospects in designing, building, and maintaining crucial hydrogen infrastructure, as well as in business roles associated with the sector. The move towards a hydrogen economy not only accelerates decarbonisation efforts but also ensures the preservation of existing jobs while creating new avenues for skill development and career growth.
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