Green Hydrogen unlocks jobs and UK investment27 Dec, 20235 Mins
Energy Security Secretary Claire Coutinho has announced the backing for 11 major projects to...
Energy Security Secretary Claire Coutinho has announced the backing for 11 major projects to produce Green Hydrogen. Each confirmed supplier will receive a guaranteed price from the government for the clean energy they supply. In return, the successful projects will invest over £400 million upfront over the next three years and will generate more than 700 renewable energy jobs across the UK, delivering 125MW of new Hydrogen for businesses.
The announcement is the most significant number of announced commercial-scale green hydrogen production projects anywhere in Europe, bringing the UK to the forefront of this renewable energy source. Unlike blue Hydrogen, which is formed using fossil fuels, green Hydrogen uses renewable energy to split water (a process known as Electrolysis), providing a much greener and more sustainable alternative. When scaled for business, it will help provide cleaner fuel for energy-intensive industries and transport.
Green Hydrogen presents a huge economic opportunity for the nation, unlocking over 12,000 jobs in renewable energy and up to £11 billion of investment by 2030. The investment also helps the government achieve its net zero targets for the UK, aiming to be a catalyst for growth within the sector. The ultimate aim is for the UK to lead much of the continent with green hydrogen investment and attract some of the best experts in renewable energy.
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