DNV GL and Ikigai Capital have been selected to deliver a Hydrogen Investment Strategy for the Thames Estuary, in London, UK.
This decision comes after the Thames Estuary Hydrogen Summit in November 2020 which revealed significant interest in the development of a hydrogen ecosystem in the Thames Estuary.
The anticipated demand driven by a move away from fossil fuels along with the Estuary’s location and capacity to deliver at scale presents an extremely compelling case for investors.
Ikigai Capital and DNV GL will create the roadmap to realize this transformational opportunity by evaluating and identifying the potential for investable hydrogen generation, distribution, storage and usage infrastructure within the Estuary. This includes driving green growth and spearheading the development of a hydrogen ecosystem to enable the greening of transport on land and water and accelerating decarbonization in the Thames Estuary.
“Hydrogen will play a significant part in the energy transition due to its utilization in hard to decarbonize heavy industries, such as shipping and aviation. Combining our expertise with Ikigai Capital enables us to bring invaluable insight and expertise to the hydrogen strategy and we are looking forward to working with them. The learnings from this project will provide far reaching insights for clean energy growth across the UK and will highlight how other cities can do their bit to reduce carbon emissions and transition faster to cleaner energy.”Hari Vamadevan, regional manager, UK & Ireland at DNV GL Energy Systems.
The Hydrogen Investment Strategy will set out how investment in hydrogen infrastructure will have wide-reaching benefits across the Estuary. This will provide benefits such as carbon reduction, opportunities for skills and training, employment opportunities, improved health outcomes as well as delivering a strong return on investment.