Industrial clusters will drive forward the hydrogen and carbon capture and storage (CCS) markets in the UK, unlocking investment, securing jobs and decarbonising hard-to-electrify sectors.
But DNV forecasts that the pace of implementation is not keeping up with ambition, and more needs to be done to ensure the UK leads the way in the face of global competition.
One key finding from DNV’s latest UK Energy Transition Outlook should focus minds: without significant additional government support and incentives, it is unlikely that the UK will meet 2030 targets of 10GW of low-carbon hydrogen production capacity. While demand is growing, particularly in industrial clusters and transport, expanding the sector to deliver nationwide hydrogen infrastructure requires considerable effort.
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