Key take-aways from the Low-carbon hydrogen roundtable

Recent announcements from the UK Government have made it clear that the role for low-carbon hydrogen in the UK energy system is set to increase rapidly across the next decade. There was significant focus on low-carbon hydrogen in the Energy Security Strategy, including the doubling of the hydrogen capacity target to 10GW. Hence, there is great momentum at present in the UK for this technology, and it is critical now that we identify and consider key obstacles and timeframes as the market develops.

Our roundtable on low-carbon hydrogen, held on the 5 May 2022, sought to explore such issues. The event was hosted by Cornwall Insight and Heidrick & Struggles and chaired by Laura Sandys CBE. It brought together key market participants in the UK hydrogen economy to discuss common issues and the pathways required to deliver low-carbon hydrogen.

Related thinking

Low carbon generation

Energy System Reform: Ofgem shares plans for Britain’s energy system

Against the backdrop of record high and volatile energy prices, Ofgem set out on 8 July its view on key aspects of the GB energy system where it considers significant reform is required to deliver a resilient, low cost, low carbon energy sector. Recent developments in the energy market, such...

Low carbon generation

Diversifying the Irish Energy Mix, could hydrogen be the answer?

The recent news that Nord stream has resumed flows into Europe will ease some of the fears of supply shortages heading into the winter for us all and have associated knock-on effects pricewise. Although back flowing, the EU commission on Wednesday urged countries to cut gas use by 15% over...

Low carbon generation

CfD Auction Secures Greatest Amount Of Renewable Capacity To Date

Yesterday, the government released the results of the fourth round of the Contracts for Difference (CfD) scheme, securing almost 11GW of renewable capacity across 93 projects, nearly double the 5.8GW awarded in Allocation Round 3 in 2019. The greatest capacity – at 7.0GW - has been secured from new offshore wind projects,...

Commercial and market outlook

Cornwall Insight responds to the announcement of an Energy Bill in the Queen’s Speech

The Queen’s Speech this week included a much-anticipated announcement that an Energy Bill will be introduced at some point over the next parliamentary session. The Bill is a logical conclusion of policy development in the period since the net zero commitment was made in the summer of 2019. It accommodates...

Low carbon generation

Reform in haste, repent at leisure: squaring electricity market reform with investor confidence

The review of electricity market arrangements (REMA) signalled by the energy security strategy could impact wholesale & balancing markets, & there could be a need to examine the capacity market rules & CFD contracts. It is too early to know what options will ultimately be adopted or when changes would...

Commercial and market outlook

Cornwall Insight responds to the publication of the energy strategy  

The Energy Security Strategy is a very political document that raises as many questions as it answers. There are clear favourites and as much can be read in to what is in the Strategy as what is not. 15 months on from the Powering Our Net Zero Future White Paper,...

Low carbon generation

Germany tops the leader board with South Korea in second place

The role of low-carbon hydrogen in achieving our net zero targets has been a hot topic of conversation of late, both within industry circles and in mainstream media and public conversation. As the discussion builds, Cornwall Insight has interrogated the policy and strategy frameworks presented by countries that have branded...

Regulation and policy

Just the bill please – who picks up the costs of market exits?

This article is an extract from our Energy Spectrum Nutwood. find out more about a subscription to Energy Spectrum here. Between 9 August 2021 and 19 November 2021, 22 energy suppliers exited the market impacting more than 2mn mainly domestic customers. Supplier exits result in a number of costs being...