The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Britain is moving forward with policies to ramp up its nascent green hydrogen industry that uses renewable energy as the government looks for ways to reduce dependence on imports of natural gas.
The UK was expected to announce a new round of subsidies for the technology as it meets with industry leaders. Jane Toogood, an executive at Johnson Matthey Plc, has been appointed as ‘Hydrogen Champion’ to bridge the gap between companies and the government.
The UK aims to use its growing fleet of wind farms to produce hydrogen to replace fossil fuels in industry, transportation and power generation.
Nations throughout Europe are looking for ways to reduce gas use in the short-term to cut dependence
on Russia, and in the long-term to stem emissions.
Gas storage sites owned by SSE Plc and Centrica Plc have been earmarked to be converted to store hydrogen in future.