RE: Boris Johnson/Global Investment Summit19 Oct 2021 11:14
Following on from the weekends article re Hydrogen, the dream fuel, according to reports Whitehall estimates that by 2050 25 to 30% of the UK's energy demand could be supplied by hydrogen.
The report goes on to say that it is proposing a subsidy scheme to guarantee hydrogen producers a certain minimum price , similar to those for offshore wind.
Hopefully more clarification will come either via the Global Investment Summit, or/and Cop 26.
Obviously 2050 is years away (will be well above 100 by then), but the roll out speed will increase dramatically, and it PHE achieve even a small % of these targets, the future would be very rewarding.
I also feel, that once the first DMG is up and running , potential customers will be clambering for a piece of the action.
We keep getting news via dribs and drabs, but hopefully a very big shift in sentiment towards hydrogen power is not far away, with the plus of course for PHE being reducing the plastic mountains on land and the floating plastic mats spreading across the seas and rivers.