Tuesday 9 November 2021
How could the hydrogen revolution impact the UK?
It is clear that clean energy is now the way forward, if we want a green future. In particular, hydrogen power has revealed itself as an effective method of generating clean energy.
Earlier this year, the UK Business and Energy Secretary set out the country’s first-ever ‘Hydrogen Strategy’. The strategy has been created with the aim of driving forward commitments laid out in the Prime Minister’s ‘Ten Point Plan’ for a green industrial revolution.
In recent months it has become clear that hydrogen power, much like solar and wind will revolutionise the UK energy market. Government analysis suggests that 20-35% of the UK’s energy consumption could be hydrogen-based by 2050. Meaning this strategy could be critical in the UK meeting its net zero targets.
So, how does the UK’s ‘Hydrogen Strategy’ intend to impact the UK and its businesses?
How is hydrogen power being implemented in the UK?
As the UK strives towards its 2050 net zero targets, it is doing its best to cut 78% of carbon emissions by 2035. This means focusing on waste reduction, increasing efficiency and switching to sustainable power sources – such as hydrogen.
The decarbonisation of transport could also rely on the increased use of hydrogen. Earlier this year, London mayor Sadiq Khan introduced the first double-decker hydrogen bus fleet in London. The buses joined over 500 electric buses in the UK as part of the Go-Ahead London fleet, continuing London’s acceleration towards the goal of zero emissions by 2030. Steps like these ensure that the UK remains at the forefront of environmental progress.
The creation of secure, good quality green jobs will drive local economic growth across the country. This strategy aims to create 9,000 green jobs and unlock £4 billion worth of investments by 2030. Meaning hydrogen could play an important role in decarbonising energy intensive industries and sectors such as transport.
The business impacts
Businesses around the world are working towards sustainable targets, whether that be their own science-based targets or adhering to government regulations. For this reason, businesses should ensure that their processes incorporate green energy and sustainable practices.
The strategy intends to accelerate the use of hydrogen within four sectors:
- Power
- Industry
- Transport
- Building
Businesses operating within these sectors may receive funding from the government. This finance will be used to develop technology and support business’s transition into hydrogen. Aside from these sectors, hydrogen will help to reduce carbon in heating systems, heavy machinery and even cement.
Embracing new and innovative energy sources also provides businesses with a chance to get ahead of the curve. Switching to renewables could save time, reduce emissions and boost efficiency. This could also mean developing at a faster rate than competitors. Boosting your green credentials, this green innovation could also open up your business to a broader, and more sustainably-aware client base.
How can EIC help?
The new Hydrogen Strategy is a crucial step forward for the UK in meeting its net zero targets. It is important that the UK continues to embrace new and innovative energy solutions, as we progress towards a greener future. And this also applies to businesses.
At EIC, we are focused on helping our clients to take their first step towards their sustainability targets. Our vast range of comprehensive services help businesses to better understand their energy consumption, carbon reduction measures and greener procurement options.
Get in touch today to find out how EIC can help you understand the benefits of switching to renewable energy.
