Investment potential & renewable dividend from hydrogen

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Investment potential & renewable dividend from hydrogen - report

This is one of the findings of a report on the potential for hydrogen power from the representative body, Hydrogen Mobility Ireland, which forms the basis of a new White Paper on the development of the sector.

The deployment of the fuel across the wider transport network would in turn contribute to a reduction in our carbon emissions by 2.6% by 2030, it claims. "HMI contends that an investment proportional to Ireland's size and commuter population, will allow for 6,000 hydrogen-fuelled vehicles on the road by 2030," the report added.

"HMI’s policy papers show that the production of green hydrogen at scale, will facilitate Ireland in reducing its carbon emissions across transport and other industries, while creating significant opportunities for regional employment and boosting the green economy," Jonathan Hogan, Business Manager at Hydrogen Mobility Ireland said.

"It could be used as a backup in the electricity grid in the future or as a heating source as well as in industry. And there's the possibility it could be used in aviation," he explained.

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