LinkedIn14 Dec 2023 15:56
Dennis SchulzDennis Schulz
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CEO of ITM PowerCEO of ITM Power
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Today's UK hydrogen announcements are encouraging. Green hydrogen will constitute an important pillar of the UK's and global energy future - there's no question about that anymore.
Although renewable electricity has grown significantly, electricity continues to make up only 20% of the UKβs energy mix. Hydrogen can help to decarbonise natural gas based applications which account for over 40% of the UK's energy usage today.
Against this background it's important to keep in mind that if we donβt produce green hydrogen ourselves, weβll end up importing it. We would also be missing out on a lucrative export opportunity to countries with huge demand they cannot meet domestically, like Germany.