The government claims that investment in low-carbon hydrogen fuel to power automobiles and heat houses might result in the creation of thousands of new employment. Ministers have revealed a plan to jumpstart the hydrogen industry, which they claim has the potential to attract billions of pounds in investment. The fuel is also critical for the UK’s efforts to achieve net-zero emissions, according to Business Secretary Kwasi Kwarteng. It can produce a third of the UK’s energy in the future, according to him.

Subsidies have been proposed to close the gap between the current cost of manufacturing hydrogen and the cost of conventional fuels. This plan has been the subject of government consultation. Labor agrees that hydrogen has great potential, but claims that the government has not invested as much as other countries. There is no CO2 emission when hydrogen gas is used as a fuel. It can be used to power fuel cells, which are devices that generate energy through an electrochemical reaction, or it can be burned in a boiler or car engine to generate electricity.

As a result, it’s a low-carbon, multipurpose fuel that can power automobiles, trucks, and trains, as well as heat our homes and power industrial processes like steel production. By 2030, the government hopes to have 5GW of hydrogen production capacity in place, with the industry expected to be worth £900 million and employ more than 9,000 people.