This is Stephenson Harwood’s third hydrogen quarterly insight which is aimed at providing you with legal updates relevant to the industry and bring you up to speed on some of the most exciting hydrogen developments in a number of key sectors.
For us in Stephenson Harwood (and most likely the world), the release of the UK’s Hydrogen Strategy in seems a lot longer than four months ago. Overall, we believe that its publication has given a major boost of confidence to the UK market. There is however a considerable amount of work for the UK Government to do throughout 2022 to build on the strategy. Our thoughts on the strategy can be found here.
More recently, hydrogen has received considerable attention during COP26. The EU and a number of other countries confirmed that hydrogen was central to decarbonizing heavy industry, long haul freight and aviation. Encouragingly, hydrogen therefore featured in a number of carbon-free pledges made at COP26.
The European Union also confirmed it expects 40 gigawatts of green hydrogen electrolysers will be in place by 2030. To speed up the production and sale of green hydrogen, the European Commission is set to launch a new hydrogen research partnership with industry in the coming months.
In addition to COP26, there have been nearly weekly announcements across the UK and Europe of exciting green and blue hydrogen projects.
Grab a cup of coffee (or mulled wine) and let us quickly bring you up to speed on the most talked about hydrogen developments over recent months.
From all of us at Stephenson Harwood LLP, we wish you a happy and healthy festive season.
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