Hydrogen Economy Set to Skyrocket in North West England: £3.4 Billion Boost and 11,500 Jobs Projected
Key Ideas
  • The North West Hydrogen Alliance report highlights a potential economic uplift of £3.4 billion and the creation of 11,500 jobs through the development of a hydrogen sector in North West England.
  • Hydrogen activities are expected to have a significant impact on employment in construction, manufacturing, engineering, and other professional services, driving the regional economy forward.
  • The UK government's substantial funding allocations to initiatives like the Industrial Decarbonisation Fund support hydrogen development, particularly evident in projects like HyNet North West, reinforcing the region's commitment to decarbonisation and the hydrogen economy.
  • The projected rise in hydrogen demand in the North West, driven by industrial applications, sets the stage for substantial growth, with estimates indicating a surge to 7.5GW by 2050 and a focus on sectors like transportation and building heating.
The North West Hydrogen Alliance (NWHA) report reveals a promising forecast for North West England, indicating that embracing hydrogen could significantly boost the regional economy by £3.4 billion and generate 11,500 new jobs. The report extensively analyzes the economic ramifications of hydrogen activities throughout the value chain, underlining the substantial impact expected on employment and GVA from hydrogen production. The envisaged job creation opportunities span various sectors, including construction, manufacturing, engineering, and professional services, reflecting a broad spectrum of employment benefits. Furthermore, the report projects a surge in hydrogen demand driven by the region's industrial strengths, with estimates pointing towards a remarkable increase in demand by 2050, particularly in transportation and building heating sectors. Notably, the UK government's steadfast support for hydrogen development, exemplified by significant funding injections like the Industrial Decarbonisation Fund, further bolsters the region's hydrogen transition. Projects such as HyNet North West, backed by substantial funding, underscore the region's commitment to a decarbonized future and the pivotal role of hydrogen in achieving this vision. Dave Richardson, interim chair of NWHA, emphasizes the transformative potential of hydrogen, highlighting the significant economic benefits and job creation opportunities that the hydrogen economy can deliver, while also heralding the region's transition towards sustainable, low-carbon fuel sources.
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