Green hydrogen could generate £320bn for UK economy

The government has been told to take action now to ensure the UK can secure an “economic boom” from green hydrogen.

On 8 September, the Offshore Wind Industry Council (OWIC) and Offshore Renewable Energy (ORE) Catapult published Offshore Wind and Hydrogen: Solving the Integration Challenge, which outlined that a green hydrogen industry could generate £320bn for the UK while sustaining up to 120,000 green jobs by 2050. The UK’s offshore wind capacity potential, together with a strong industrial base and world-leading academic research, means that it is well placed to seize this opportunity, but action is needed now.

The report labelled the next five years as critical in developing green hydrogen in terms of cutting costs, growing the manufacturing and export industries, along with forming the supply and demand relationships that are necessary to support it.

Making the case for government intervention across multiple departments, it called for a national strategy, including an integrated approach to deliver accelerated deployment, supported by appropriate regulation and policy, targeted research and development, and demonstration and large-scale validation of new developments, along with continued offshore wind cost reduction.

ORE Catapult