Accounting for 13 GW (gigawatts) of total announced hydrogen capacity in the UK, blue hydrogen could help advance green hydrogen infrastructure, despite there being four times the number of green hydrogen projects than blue.
According to Westwood, the current pipeline of announced capacity for UK projects would exceed 2030 targets if all achieved their planned start-up dates.
“This rate of change is representative of what we can expect as the energy transition gathers momentum,” commented David Linden, Head of Energy Transition, Westwood.
He added that the company is moving in-step with the increasing numbers of energy stakeholders diversifying their portfolios.
“In doing so, we are able to support our clients to focus on what matters and better understand the growth of emerging energy sources, as well as the developing convergence of existing oil and gas and new energies for improved decision making.”
The data for the analysis utilised Westwood’s intelligence solution Atlas New Energies, which launches today.
By providing users with Westwood’s data in the Northwest European region, the tool enables customers to access a database of over 250 new energy projects in the UK and Norway.
“This new solution is a natural next step to our existing Atlas solution and is very much driven by client demand and energy landscape trends,” explained Emma Cruickshank, Head of Research, Northwest Europe, Westwood.