Three quarters (77%) of companies support hydrogen as part of their energy improvement strategy and a quarter (27%) plan to test or deploy it in the next two years Nearly one in ten (8%) respondents already say hydrogen having installed turnkey combined heat and power (CHP) A third (33%) of companies say energy costs motivate them to use hydrogen
Most senior business leaders plan to use hydrogen as part of their energy improvement strategies, according to new research from Centrica Business Solutions.
Three-quarters (77%) reported that they already had or would implement hydrogen-ready technologies such as combined heat and power (CHP) units to optimize energy use and reduce carbon emissions. More than a quarter (27%) plan to do so in the next two years.
“A progressive approach to modern energy technologies incorporating hydrogen means companies benefit from reduced carbon emissions and reduced energy costs”
Justin Jacober, Director of Centrica Business Solutions UK & Ireland
Nearly one in ten (8%) said they have already installed hydrogen-ready CHP, while another seven in ten (69%) are considering, testing or planning to deploy the technology. This suggests that the cost and carbon-saving benefits of the technology are seen as attractive by many organizations.
The biggest driver for investing in hydrogen is the cost. A third (33%) of companies believe that 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: “Organizations clearly see the potential of hydrogen in creating a net zero future, where energy costs are more predictable than those imported from abroad. A progressive approach to modern energy technologies incorporating hydrogen means companies benefit from reduced carbon emissions and lower energy costs.
“What we need to see now is the UK investing in hydrogen and getting ready to deploy technologies faster. By investing now, the UK can ensure it becomes a leading hydrogen economy. A fully realized hydrogen strategy has the potential to improve flexibility within the grid and enable us to better harness the power of renewable energy, which will be essential if we are to reduce renewable energy curtailment and eliminate carbon emissions .”
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