The Hydrogen Energy Association (HEA) has suggested that the UK government’s GB Energy should invest in inland hydrogen hubs, core industrial clusters, and ports to accelerate hydrogen trade.
With the global hydrogen market expected to reach £700bn annually by 2050, HEA has stressed the importance for the UK to capture a 10% share to generate £70bn in revenue, £46bn in GVA, and 410,000 jobs. However, they’ve emphasised the need to act within a 10-year window.
The association claimed that by bringing together hubs that combine different user types and sizes, GB Energy could couple demand with local production and mitigate the reliance on long-distance transportation and national pipelines.
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