If we weren’t already aware, the release of the latest set of IPCC reports (and the even starker picture they paint compared to previous iterations) has made abundantly clear to governments, businesses, and society as a whole the dangers of climate change and the urgent need to decarbonize. Whilst we know that electrification is the most efficient route to decarbonization, green hydrogen (hydrogen produced using renewable energy) will be essential in meeting the decarbonization goals in many industries which cannot easily electrify.
The key point here is that green hydrogen is the technology compatible with a net-zero future, as opposed to alternative hydrogen techniques utilizing fossil fuels even if they produce limited emissions (e.g. grey, yellow or blue hydrogen).
Significantly, Schneider’s position is shared by the UK government, who this month announced a doubling of the UK’s low carbon hydrogen production capacity to 10GW by 2030, with at least half of this figure coming from green hydrogen. That this technology will comprise an important part of the government’s intentions to produce 95% of the UK’s electricity via low carbon means by 2030 whilst supporting 12,000 UK-based jobs is closely aligned to our role as an impact company and is why we’re devoting significant time and resources, including in UK manufacturing, to ensuring our offer is optimized for the industry.
