Businesses do not believe the Government is being ambitious enough in efforts to create a “world-leading” hydrogen market, with the commitment of 5GW of green and blue hydrogen by 2030 failing to generate confidence within the private sector.
Under the Government’s Ten Point Plan, the UK will aim to generate 5GW of low-carbon hydrogen production capacity by 2030. Up to £500m will be invested in a bid to create a Hydrogen Neighbourhood in 2023, a Hydrogen Village by 2025 and to create the first town running entirely on hydrogen.
However, the Hydrogen Strategy Now cross-industry group has called for the Government to raise efforts to unlock greater green hydrogen capacity. The group consists of more than 120 businesses that employ more than 100,000 people in the UK, with a combined net worth of £150bn.