Russia's war in Ukraine has upended oil and gas markets, but also boosted the prospects for renewable energy, including green hydrogen.
One of the biggest accelerations we've seen has been towards hydrogen energy. What seemed some way over the horizon just a year ago is now getting much closer. With a requirement that they install within a decade, they are busy planning. Next comes assessment of impact and securing of finance.Following criticism that much of the current build-out of projects has been done by distant manufacturers, with too little benefit to Scottish industry, the ScotWind auction secured enormous commitments to local content.
Earlier this month, Crown Estates Scotland announced a healthy level of interest: 19 bidders at the first stage, 10 of those for the smaller innovation part of the process. Expect to hear more in April, as this bidding round is being run at quite a pace.
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