Octopus Energy and RES have partnered to invest £3 billion ($4 billion) in the construction of new green hydrogen plants across the United Kingdom by 2030.
The goal is to make the most of green electrons when they are generated in abundance on sunny and windy days by storing them as green hydrogen, helping the United Kingdom become more energy independent. The partners will work with large industrial businesses who want to be leaders in decarbonization and support the government’s goal of a green-led recovery.
The partnership was formed in response to the U.K. government’s hydrogen strategy, which was formed in August. The strategy calls for low-carbon hydrogen production and usage to be ramped up during the next decade to achieve net-zero.
“The supply of green hydrogen will be critical to the success of many industries in meeting the U.K.’s net-zero targets, and with this partnership we are providing a solution for those businesses to help deliver on t