The article discusses the significant potential of hydrogen in decarbonising industries, supporting energy storage, and enabling synthetic fuel production to facilitate the energy transition. OEUK emphasizes that with the right policies, hydrogen could present a £1.6 billion opportunity for the UK economy by the mid-2030s. The UK's oil and gas sector is highlighted as essential for low carbon hydrogen production, particularly through blue hydrogen produced with carbon capture and storage, which is considered a quick and cost-effective scaling method. The report underscores the expertise and resources of the North Sea supply chain in building this new energy sector as part of a broader industrial strategy, showcasing live projects across the value chain. OEUK stresses the importance of urgent action to seize the opportunity of hydrogen, mentioning over 100 hydrogen projects in the pipeline totaling more than 15GW of production capacity. Without clarity on key areas and policies, these projects may face challenges in progressing. Recommendations include prioritizing hydrogen deployment in impactful sectors, setting realistic targets, ensuring fair funding mechanisms for business models, and recognizing the role of domestic gas production in creating a new market. The focus is not only on meeting targets but also on securing jobs, investments, and a future for various industries. The report urges policies to balance energy security, cost reduction, and net zero objectives while delivering low carbon hydrogen supplies at scale.