Blue Hydrogen Projects Projected to Exceed 2030 Targets in UK
(P&GJ) — The latest analysis from research and consultancy firm Westwood Global Energy Group showed that blue hydrogen projects account for over 16 GW of total announced hydrogen capacity in the U.K. and Norway, equivalent to approximately 90% of the hydrogen projects total for the same region. The U.K. alone accounts for 13 GW capacity.
Further analysis shows that although there are four times the number of green hydrogen projects than blue, projected hydrogen capacity will largely be driven by the latter. This will be a key catalyst in the development of hydrogen and carbon capture and storage (CCS) clusters.
“Although considerable offshore wind projects are developing in Northwest Europe, hydrogen projects are emerging at an unrivalled pace,” David Linden, head of energy transition at Westwood, said. “The scale of blue hydrogen developments makes them a necessity to ensure 2030 regional targets are met – in fact, the current pipeline of announced capacity for UK projects would exceed targets if all achieved their planned start-up dates.”
These findings follow the launch of Atlas New Energies; an integrated market intelligence solution covering energy clusters, offshore wind, hydrogen, CCS and related oil and gas infrastructure in the U.K. and Norway. Harnessing Westwood’s unmatched depth of data and heritage in the Northwest European region, the tool allows users to access and interrogate a database of over 250 new energies projects in the U.K. and Norway, providing greater transparency and a fuller understanding of the opportunities for companies.
“This new solution is a natural next step to our existing Atlas solution and is very-much driven by client demand and energy landscape trends,” Emma Cruickshank, head of research, Northwest Europe at Westwood, said. “For those energy players looking to enter the new energies space, some of the biggest opportunities, can be found in Northwest Europe. Deciding on what role to play will be crucial for those looking to maximise their investment in this sector – and we are committed to supporting with the strategic, technical, and commercial questions that will inform the direction of the industry for years to come.”
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