ydrogen production”. Well, why not? The hydrogen investment market is forecast to be worth almost £414 Nov 2021 21:41
ydrogen production”. Well, why not? The hydrogen investment market is forecast to be worth almost £400 million by 2030 — a near 70 per cent increase on current levels.
But as we know to our cost in Scotland, talk from the SNP is cheap. It’s not just that the original renewables boast, made by Alex Salmond, proved to be rubbish — the 130,000 “green” jobs promised a decade ago currently stand at a paltry 21,400. No, it’s the fact that our first minister has made yet another headline announcement — nicely timed with Cop26 — without fully understanding its implications.
Why? Well, blue hydrogen, which is in essence the first stage in developing the technology, requires natural gas — and lots of it. Blue hydrogen is produced by splitting natural gas into hydrogen and carbon, capturing and storing the resulting emissions with carbon capture and storage (CCS) technology. Green hydrogen uses electrolysis, splitting water into hydrogen and oxygen, but is currently three times more expensive than blue hydrogen.