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Is Hydrogen the New Oil? – Advanced BioFuels USA
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Solutions to worldwide Ocean: Ocean Exchange Summit in Atlanta
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THE BIG PICTURE
In 2045 the GVA contribution is expected to be highest in Green Export in which roughly £26 bn of value is generated. The considerable activity associated with large scale roll-out of green hydrogen production contributes significant added value and export potential (see Figure 40). Green Export also delivers the most employment with more than 300,000 jobs either retained or created (see Figure 41).
By contrast, in Hydrogen Economy the more widespread use of hydrogen domestically such as in heat and transport ensures that this scenario also makes a significant contribution in terms of GVA generating £16 bn and 177,000 jobs created. The broader use of hydrogen domestically ensures that value added and jobs are more evenly distributed across sectors in Hydrogen Economy relative to Scenario B. While Focused Hydrogen has lower overall amounts of hydrogen produced and used with hydrogen generating GVA of £5.7 bn and 69,000 jobs, it has the potential to deliver localis