Contact

Scotland’s hydrogen economy

By

September 12, 2021

Image titel:

Sources:

Scotland’s hydrogen economy

Fuel cell, MSUs and local ferry, at Kirkwall Pier,

 © Colin Keldie

Delivering a bright future through collaboration and innovation

In December 2020 Scotland became the first country in the UK to publish a hydrogen policy statement, six months after publication of the German hydrogen strategy. This sets out Scotland’s vision for hydrogen and how we can maximize our massive potential in the sector. Our accompanying Hydrogen Assessment Report appraised the potential for hydrogen to be deployed to help achieve our stretching decarbonization targets. Its economic impact scenarios concluded that Scotland has the potential to deliver up to 126 terawatt-hours of green hydrogen per year by 2045, up to 96 terawatt-hours of them for export. This would protect or create between 70,000 and over 300,000 jobs – in a population of 5.5 million – and deliver gross value-added impacts of between GBP 5 billion and GBP 25 billion.

Advertisements

It is clear that hydrogen will play an important role for all of us in our energy transition to net-zero and is a key component of the green recovery post-Covid 19. In 2019 Scotland tightened its legally binding climate change targets to achieve net-zero greenhouse gas emissions by 2045, with a 75 percent reduction by 2030 against the 1990 baseline. To achieve this, we need to move at an unprecedented pace across our whole economy to deliver the innovation, investment, regulation and market environment that will enable the required step change toward net-zero.

Hydrogen is rapidly emerging as a key sustainable solution for the decarbonization of the economy. We believe that Scotland’s abundant resources – natural, human and physical – will support the establishment of a thriving hydrogen sector both in Scotland and in the emerging global hydrogen market. Producing clean hydrogen and demonstrating that it can be used to help meet the challenging energy demands of industry, transport and heat will be a key part in Scotland’s energy journey.

Advertisements

Our ambition is for Scotland to become a leading hydrogen nation and a strong international partner in the production of sustainable hydrogen. The Scottish government will support the strategic growth of a strong hydrogen economy, focusing our efforts on the development of our hydrogen production capability to meet an ambition of at least 5 gigawatts of renewable and low-carbon hydrogen by 2030 and at least 25 gigawatts by 2045. The scale of our ambition will be familiar to German readers, with our hydrogen production plans for 2030 the equivalent of the target set by Germany. Naturally, we look forward to working closely with others such as Germany to advance this opportunity.

Scotland’s resources and expertise

We have confidence in setting such high ambitions since Scotland has access to all the key components of a hydrogen economy. Scotland has the potential to produce industrial-scale quantities of firstly blue hydrogen and then – internationally more important – green hydrogen from our offshore and onshore wind resources and our potential wave and tidal power.

… Read more in the latest H2-International e-Journal, Aug 2021

Authors: Michael Matheson MSP – Scottish Government Cabinet Secretary for Net Zero, Energy and Transport; Dr. Alexandra Stein – Head of Scottish Government in Germany

Here are interesting and current articles on the topic of hydrogen – stocks and the stock market!

Economic prospects for companies in the hydrogen sector | Future, stocks & hydrogen companies on the stock exchange and more…

Which hydrogen companies will prevail in the competitive market in the long term? Get tips and cartwheels and learn more about risks or opportunities. Our stock market specialist and expert author Sven Jösting reports critically, independently and competently.

Apr 18 2024

Plug Power – Price jumps with many questions

The Plug share price fell quickly to under 3 USD (2.50 USD at low) and then rose again to over...
Apr 17 2024

Siemens Energy – Light at the end of the tunnel

Siemens Energy is on the right track, as the latest figures show. Although the wind subsidiary...
Apr 17 2024

Nikola Motors – Outlook speaks for the company

The press conference in February 2024 on the fourth quarter results and the entire year 2023 and,...
Apr 17 2024

Hyzon Motors – Strong patent position

Hyzon Motors will start production of 200‑kW modules for commercial vehicles in the USA in the...
Apr 17 2024

FuelCell Energy – Carbon capture as a growth story?

FuelCell Energy has with SOFC fuel cell power plants built its own capacities for clean energy...
Apr 16 2024

Hydrogen economy gaining speed

Trade fair guide for Hannover Messe 2024 AI and hydrogen are the focus of this year's Hannover...
Apr 16 2024

Politicians with an open ear for hydrogen

Optimism at the H2 Forum in Berlin A good 450 participants gathered at the specialist conference...
Apr 16 2024

Gas producers are the winners of the H2 ramp-up

The major international gas companies such as Linde, Air Liquide and Air Products have always been...
Apr 15 2024

Cummins Engine – Emissions scandal ended by payment

The share of Cummins Engine brings joy: The share price rose to a new high for the year, after the...
Apr 15 2024

Ceres Power with strong partners

The main shareholders Bosch and Weichai are already counting on the English Ceres Power and their...
Apr 15 2024

Group rotation will drive hydrogen forward

Sven Jösting’s stock analysis #Shares from the crypto universe and from many technology companies...
Apr 15 2024

Wissing releases former NOW chief from duties

Background to the Bonhoff/BMDV split Things had quietened down on the Bonhoff front. But then new...
Apr 11 2024

Bloom Energy convincing in the long haul

Bloom Energy is planning a cooperation with Shell to use its SOEC technology for the large-scale...
Apr 11 2024

Ballard – Prospects better than current market valuation

The share price of Ballard Power is at an all-time low. The published figures for the fourth...
Mar 18 2024

Search for the ideal hydrogen storage

Interview with Thomas Korn, CEO of water stuff & sun Startup company water stuff & sun has...
Mar 15 2024

Is exponential growth slowing down?

Fuel Cell Industry Review 2022 Year 2022 saw fuel cell shipments creep up over 2021 numbers,...
Mar 11 2024

On the way to becoming a green hydrogen partner

Oman aims to score points with H2 infrastructure Wind, sun and loads of expertise – these...
Mar 07 2024

We can master a scale-up for green hydrogen

Interview with Dr. Kai Fischer, Director at RWTH Aachen The efficient scaling of green hydrogen...
Mar 07 2024

Frustration over continuing uncertainties

Interview with Jorgo Chatzimarkakis, CEO of Hydrogen Europe There is a lot that needs sorting out...
Mar 05 2024

“If ever there was momentum for hydrogen, it is now”

Interview with Dr. Jochen Köckler, chairman of Deutsche Messe “We’re bringing people together.”...

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *