Rinnai’s Chris Goggin looks at the huge sums being invested by the superpowers, sovereign funds and major multinational companies into the production and storage of hydrogen as one of the coming fuels in the road to decarbonisation.
Hydrogen is attracting huge levels of worldwide investment running into the billions and trillions and UK end users should be aware that this pattern of financing is indicative of global adoption of hydrogen as a major fuel source.
In the UK, JCB, a company with no ties to the energy industry, has announced its decision to invest heavily in hydrogen. The deal means JCB will take 10% of the green hydrogen made by the Australian firm Fortescue Future Industries (FFI).