Monday, July 22, 2024
Energy Transition Outlook Report 2023
HomeRenewablescurtailed renewable energyWind waste to hydrogen gold: UK’s £3.5bn opportunity

Wind waste to hydrogen gold: UK’s £3.5bn opportunity

UK’s grid congestion is causing an annual loss of £3.5 billion.

That’s according to Policy Exchange, which in collaboration with LCP Delta uncovers the volume of wasted wind generation in 2022, equal to more than 118,000 tonnes of green hydrogen.

This figure is expected to rise to 455,000 tonnes by 2029, with congestion payments alone costing over £350 million during 2021-22, analysts note.

The report recommends government intervention, promoting the adoption of electrolysers in heavily curtailed areas.

The envisioned benefits include displacing grey hydrogen consumption, decarbonising steel manufacturing, meeting the national sustainable aviation fuel target, or contributing to the electrolyser production capacity target for 2030.

Angus MacNeil MP, Chair of the Energy Security and Net Zero Committee and the report’s Foreword author – commented: “We have every opportunity to make more efficient use of our existing energy infrastructure and leverage wasted renewable energy into clean hydrogen.

“Their proposal to work with industry could achieve major system savings and deliver major investments into hydrogen production capacity throughout northern Scotland and elsewhere in the UK. The potential output is massive, worth two-thirds of our electrolysis target for 2030.”

Energy Live News
Energy Live Newshttps://www.energylivenews.com
This article first appeared on Energy Live News, an award winning news service. Their mission is to give you balanced news, analysis, commentary of energy from their dedicated team of quality journalists and production staff.
RELATED ARTICLES
- Advertisment -
Energy Jobline LinkedIn

Most Popular

Recent Comments