Building an investable hydrogen value chain in scotland

Against a backdrop of concerns over energy security, extreme price volatility and the climate crisis the potential role
of low-carbon hydrogen is rapidly moving up the agenda.

This report – produced by Addleshaw Goddard in partnership with global investor Equitix – shines a spotlight
on the opportunity for the Scottish economy to deliver a truly tangible hydrogen economy. 

The global opportunity. Scotland's unique position

In recent years Scotland has been playing an increasingly active role in exploring the potential for low-carbon hydrogen
with more than 60 pilot and demonstration projects underway, from the world’s first hydrogen powered double-deckers
being used on the roads of Aberdeen to the first tidal-powered hydrogen electrolyser in Orkney.

What you will access

 

 



This report will dive deeper in to:

– The current position
– Hydrogen and the Scottish economy
 Seizing economic opportunities
 The challenges in building the investment case

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Some of the stats you will access

5GW

$72bn

300K

55%

Low-carbon hydrogen production targeted

Global green hydrogen market

Jobs secured

Companies say funding key to considering hydrogen





The amount of low-carbon hydrogen production targeted to be produced in Scotland by 2030, and 25GW by 2045 driven by growth in renewable energy capacity

The global green hydrogen market is forecast to grow from $1bn in 2021 to $72bn by 2030

Up to 300,000 new or secured jobs as a result of delivering a sustainable hydrogen economy in Scotland

55% of firms that said that if access to funding was provided, they would be more likely to consider hydrogen as an alternative to fuel

5GW

$72bn

Low-carbon hydrogen production targeted

Global green hydrogen market



The amount of low-carbon hydrogen production targeted to be produced in Scotland by 2030, and 25GW by 2045 driven by growth in renewable energy capacity

The global green hydrogen market is forecast to grow from $1bn in 2021 to $72bn by 2030

300K

55%

Jobs secured

Companies say funding key to considering hydrogen



Up to 300,000 new or secured jobs as a result of delivering a sustainable hydrogen economy in Scotland

55% of firms that said that if access to funding was provided, they would be more likely to consider hydrogen as an alternative to fuel

What the experts say

“Scotland has a key role to play in the development of a UK hydrogen economy, with potential to produce industrial-scale quantities of hydrogen from offshore and onshore wind resources, wave and tidal power, as well as CCUS, supported by a strong company base and valuable skills and assets in oil and gas, offshore wind and energy systems."  – Graham Stuart, UK Minister for Energy

“If the policy gaps are addressed, and the UK Government jumps on the opportunities in Scotland, we could be a major exporter of clean energy with thriving clusters and local economies.” –  Pete Wishart MP, Scottish Affairs Committee Chair

Hydrogen report: Turning ambition into delivery

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Key contacts