Most senior business leaders are planning to adopt hydrogen as part of their energy improvement strategies, according to new research from Centrica Business Solutions.
Three quarters (77 per cent) reported that they had already or would implement hydrogen-ready technologies such as combined heat and power (CHP) units as they seek to optimise energy consumption and reduce carbon emissions. More than a quarter (27 per cent) planning on doing so in the next two years.
The biggest driver for investing in hydrogen is cost. A third (33 per cent) of firms believe hydrogen will be a more predictable cost for them to factor into their plans than alternative fuels.
Justin Jacober, director of Centrica Business Solutions UK & Ireland, said: “Organisations clearly see the potential of hydrogen in creating a net-zero future, where energy costs are more predictable than those imported from overseas. A fully realised hydrogen strategy has the potential to improve flexibility within the grid and enable us to better harness the power of renewables, which will be essential if we’re to reduce renewable curtailment and eliminate carbon emissions.”
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