Our energy system is complex, involves multiple different stakeholders and requires flexible, reliable and affordable technologies. In the last decade the world has made enormous progress in delivering new zero emission ways of producing electricity. Indeed, new Solar PV and Wind projects produce power at a lower cost than any conventional alternative.
Electricity is only a small part of the story. In the UK today, over 80% of energy is consumed as a fuel for transportation, heat and industrial processes, with less than 20% of energy consumed as electricity. What we can help address this challenge by converting cheap, but intermittent renewable electricity, into green hydrogen fuel which can be stored and distributed for use across multiple sectors.