A rewiring of the market for hydrogen as well as fears around ammonia 'cracking' costs were discussed by delegates at Solar Media's Green Hydrogen Summit EU.
Energy UK has called for a UK/EU emission trading system link to stop the “detrimental effect” the EU’s looming carbon tax will have on the nation’s renewable sector.
“A lot of regulatory and political uncertainty within the UK over the last 12 to 18 months has led to increased international competition for renewables,” said Adam Berman, deputy director of policy at Energy UK.
British multinational oil and gas company Shell recorded its “highest-ever” annual profits in 2022 amounting to £32.2 billion, with only £1.86 billion estimated to be paid via the UK and EU’s windfall taxes for the year.
Energy storage firm Gravitricity has signed a memorandum of understanding (MoU) with infrastructure company VSL Systems UK to explore purpose-built underground green hydrogen storage.
