Octopus Energy and renewables developer RES are teaming up to invest £3bn in green hydrogen plants across the UK by 2030, in a bid to capitalise on growing pressure on heavy industry to decarbonise.
In a major boost for domestic production of the zero carbon fuel, the two firms plan to build and operate a suite of hydrogen production facilities powered by wind and solar power in the 2020s, which they claim will offer a reliable and cost-competitive energy source that is protected from gas price volatility.
The partnership invites industrial businesses to work with them to boost their decarbonisation efforts.
The planned investment follows the g …
