Hydrogen could be worth as much as £18bn to the UK economy by 2035, according to a landmark new report. The Economic Impact Assessment carried out by the Hydrogen Taskforce analyses the benefits the superfuel could generate through the supply chain and end usage. The research predicts 11.3 TWh (terawatt hours) of hydrogen will be needed to maintain heat, transport, power and industry by 2035. Of this annual demand, 20% could be met by green hydrogen through electrolysis and 80% by blue hydrogen, including carbon capture utilization and storage. That could lead to the creation of 28,000 jobs in hydrogen production, 15,000 in transmission, distribution and storage infrastructure and a further 31,000 jobs across different end uses, contributing £18bn to the UK economy.
Energy Voice 13th Aug 2020 read more »