Could the UK become the European centre of Green Hydrogen Manufacture?
The European Commission recently announced REPowerEU, which outlines its plan to reduce the bloc’s dependency on Russian fossil fuels following the invasion of Ukraine. A significant part of this includes committing the EU to using a further 15Mt of green hydrogen by 2030. The UK is in an excellent position to support the growing global demand for hydrogen which will be worth $2.5trn by 2050. With the right support, the UK could meet national targets for sustainably produced or ‘green’ hydrogen and make enough to export to mainland Europe.
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