As the first London-listed fund dedicated to clean hydrogen, HydrogenOne (HGEN) has hit the ground running since its founding a little over a year ago. In this time, who could have imagined where the industry would be in October 2022 and just how quickly hydrogen has risen up investors and politician’s agendas. A land war in Europe, ferocious heatwaves, inflation and a global energy crisis have focused minds on the importance of a diversified and clean energy future, of which, hydrogen will now play a leading role.
As an industry we now need to work with governments and regulators to make ambitious new development and production targets a reality, and channel the appropriate amount of investment across the entire clean hydrogen supply chain. A key component of this will be how the future of grey hydrogen pricing is handled.
It is HydrogenOne’s firm belief that government action is needed to phase out grey hydrogen by 2030 to enable an acceleration of cost-competitive clean hydrogen that can scale up in the time needed to meet national and global Net Zero targets.
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