The UK Government has set itself substantial green hydrogen ambitions, aiming for 10GW of low-carbon hydrogen production capacity by 2030. However, while there are currently many hydrogen feasibility projects in play across the country, only a few have reached final investment decision (FID).
In its Hydrogen Insights 2023 report, the Hydrogen Council reported that only 7% of investments in clean hydrogen on a global level have passed FID. Therefore, if hydrogen is to fully realise its potential in facilitating a swift energy transition, we must address the pressing challenges currently blocking its ability to scale
up at an early phase.
Industrial applications
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