The Faraday Institution has published a report analysing how hydrogen and battery technologies are likely to be used in different sectors within the UK, including transportation, manufacturing, the built environment, and power sectors, to 2050. Both are anticipated to play an increasingly vital role as the UK transitions to a low-carbon future to address critical concerns of climate change and energy security.
Professor Pam Thomas, Chief Executive Officer, Faraday Institution said: “Batteries and hydrogen have distinct characteristics and should largely be viewed as complementary rather than competing technologies. Both will require significant technological advance and extensive scale up of manufacturing and deployment if the UK is to meet its obligation to reach net zero by 2050. The varying timescales of their rollout leads to considerable uncertainties in predicted market share profiles over time.”
The report was commissioned by the Faraday Institution and authored by DNV. The sector analysis draws on DNV’s knowledge and experience within both the battery and hydrogen industries. The analysis uses DNV’s Energy Transition Outlook model, an integrated system-dynamics simulation model covering the energy system that provides an independent view of the energy outlook from now until 2050. The modelling includes data on costs, demand, supply, policy, population and economic indicators.
Hari Vamadevan, Executive Vice President, and Regional Director UK & Ireland of Energy Systems at DNV, said: “As we strive to decarbonise and meet net zero ambitions, the energy landscape will be evolving at a faster pace, with batteries and hydrogen being key contributors to this transition. We are delighted to showcase DNV’s unique combination of industry expertise and independent analysis from our Energy Transition Outlook model to forecast the role that each technology will play across the energy demand sectors.”
Download the report: The Role of Hydrogen and Batteries in Delivering Net Zero in the UK by 2050