The Royal Society, Britain’s oldest scientific academy, has called on the government to kick-start the construction of large-scale hydrogen storage facilities to meet its 2035 Net Zero target for a zero carbon electricity network.
By 2030, only half of the predicted £200 billion offshore sector investment will be committed to projects, trade association Offshore Energies UK (OEUK) has said.
The University of Aberdeen is developing a green hydrogen storage technology which would allow renewable energy to be captured in depleted oil and gas reservoirs.
Recent polling by the Energy and Climate Intelligence Unit (ECIU) has found a growing appetite for hydrogen technologies but levies on bills should be avoided.
The Energy Industries Council (EIC) has released a damning new report revealing that oil and gas projects are “more valuable and more likely to proceed with full funding than renewables".