Business Energy Broker
Business Energy Broker
Scotland is the first country within the UK to have published their ‘Hydrogen Policy Statement’ and this policy sets the plans for their £100 million investment into green hydrogen over the next 5 years to support the industry and outlines key targets they want to meet.
The hydrogen policy is important for the green recovery of Scotland and to aid their transition to become net-zero alongside the UK targets. This also sets Scotland to become the leading nation for green hydrogen production with a target of 5GW renewable, low-carbon, and green hydrogen by 2030. This is enough to supply almost 2 million homes with electricity.
There is also a huge potential for the value of the industry with research showing the market could be values at £25 billion by 2045.
Paul Wheelhouse, Scottish Energy Minister, says:
“Hydrogen is rapidly emerging across the international community as a sustainable solution for the decarbonisation of the economy and a key element of the energy transition picture”
“Scotland is one of the best placed nations anywhere in the world to develop competitively priced hydrogen”
Alongside Helen Melone, Scottish Renewables’ Senior Policy Manager, saying:
“With 25% of Europe’s wind resource Scotland has the potential to become a global leader in green hydrogen, delivering 310,000 jobs and £25bn of GVA by 2045.”
“Scotland’s renewable energy industry, and in particular its offshore and onshore wind sectors, look forward to delivering green hydrogen as part of the just energy transition we must make to tackle the carbon emissions which cause climate change.”
More information is available by speaking to Jason Thackray on 0333 9000 246 or email :
jason.thackray@utilityswopshop.co.uk