Scotland among cheapest green hydrogen regions
High level of renewable power positions country as highly competitive green hydrogen producer over next two decades, project developer LH2 Europe tells Hydrogen Economist’s Financing the Hydrogen Economy event in Milan
Scotland will be one of the cheapest places to produce green hydrogen over the next two decades because of its abundance of renewable power, Peter Wells, chairman and CEO of project developer LH2 Europe, told Hydrogen Economist’s recent Financing the Hydrogen Economy event in Milan. Several available port locations and a skilled local labour force looking to transition away from the oil and gas sector also make Scotland an attractive base for green hydrogen production, said Wells, who is developing a project in Scotland based on shipping liquid hydrogen to Germany in a specially designed tanker. “More than 95pc of the grid (in Scotland) is already green, it's already renewable. And this make
Also in this section
17 April 2024
Building green hydrogen ports and lower production costs key to becoming global exporter
16 April 2024
European Commission to provide list of approved certifiers in a move that is expected to help unlock investment in the sector
9 April 2024
Higher country-level risk and green hydrogen project execution risks are driving up financing costs, according to the Hydrogen Council and McKinsey
4 April 2024
EET’s $2.4b plan to decarbonise major refinery in northwest England hits key milestone with CO₂ pipeline approval