CEP joins £10m project on ocean renewable energy fuels
The Centre for Energy Policy (CEP) has joined an innovative £10m research project which will investigate the potential of harnessing offshore wind and marine renewable energy to produce zero carbon hydrogen and ammonia fuels. It is anticipated that the research has the potential to make a significant contribution to the UK meeting its ambitious net zero targets.
Through economic modelling and wider analysis of political economy outcomes and narrative development, CEP researchers will bring crucial understanding of the economy-wide impacts of green hydrogen production through ocean renewable energy to the project.
By looking at the broader socio-economic picture, CEP research can help bring understanding of what investments in ocean renewable energy and green hydrogen production could mean for GDP, jobs and earnings, and in turn the long-term prosperity, as well as sustainability of the UK.
This understanding will be critical to building consensus across government, industry and citizens on the contribution that ocean renewable energy and hydrogen production can make economically, politically and socially. This consensus will be crucial to ultimately delivering feasible and robust pathways to net zero targets.
The Ocean-REFuel: Ocean Renewable Energy Fuels project is funded by the Engineering and Physical Sciences Research Council. It is led by the University of Strathclyde in collaboration with a world-leading team of researchers from the Universities of Nottingham, Cardiff, Newcastle and Imperial College London.