The renewable energy group Octopus Energy and RES (Renewable Energy Systems) announced a partnership to build new green hydrogen plants across the country by investing £3bn by 2030.
The aim of the partnership is to make the most of green electrons when they are generated in abundance on sunny and windy days by storing them as green hydrogen, helping the UK become more energy independent.
It will work with large industrial businesses who want to be leaders in decarbonisation. And it will support the government’s ambition for a green-led recovery, creating new high skilled jobs which contribute to levelling-up and position the UK as a leader in low-carbon innovation.
The UK government released its hydrogen strategy in August, calling for low-carbon hydrogen production and use to be ramped up over the coming decade to help get to net zero. The partnership responds to that call.
The Co-Head of Octopus Renewables, Alex Brierley said:
“The supply of green hydrogen will be critical to the success of many industries in meeting the UK’s net zero targets and with this partnership we are providing a solution for those businesses to help deliver on the government’s ambitions. We invite industrial businesses that are currently using hydrogen to contact us and benefit from the early mover advantage.
The EMEA CEO of RES, Rachel Ruffle, said:
“We know that renewable based electrification using wind and solar is the fastest way to decarbonise. When coupled with the production of green hydrogen, it becomes the natural choice for industry and our hard to abate sectors. Our partnership will enable industrial users to make the switch to reliable and cost-effective green hydrogen.”
