Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Hydrogen to return to the spotlight at climate summit

AJ Bell is an easy to use, award-winning platform Open an account
We've accounts to suit every investing need, and free guides and special offers to help you get the most from them.
You can get a few handy suggestions, or even get our experts to do the hard work for you – by picking one of our simple investment ideas.
All the resources you need to choose your shares, from market data to the latest investment news and analysis.
Funds offer an easier way to build your portfolio – we’ve got everything you need to choose the right one.
Starting to save for a pension, approaching retirement, or after an explainer on pension jargon? We can help.
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
With the world’s focus turning to climate matters at the COP26 summit in Glasgow next week, the topic of hydrogen is likely to resurface after a period of relative quiet.
Hydrogen’s potential to replace natural gas as a low-carbon fuel has long been touted as part of the race to net zero emissions by 2050. According to Bloomberg New Energy Finance, the global market for hydrogen could be worth $700 billion per year by 2050.
Last weekend Saudi Arabia, one of the world’s largest oil and natural gas producers, pledged to hit net zero emissions by 2060 through carbon capture and the use of hydrogen.
The Saudi government said it would use a large portion of the production from its Jafurah development, one of the world’s largest natural gas reserves, to make ‘blue’ hydrogen for export by the 2030s.
Meanwhile, UK investors have the opportunity to invest in one of the world’s few ‘green’ hydrogen suppliers, which only uses renewable energy in the manufacturing process.
Leeds-based Atome Energy, 85% owned by President Energy (PPC:AIM), intends to float on the junior market by the end of the year and to begin ‘green’ hydrogen production by the end
of 2023.
The firm already has baseload agreements in place to tap renewable energy sources 24 hours a day at its sites in Iceland and Paraguay, with exports destined for markets throughout Europe and South America.
These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell.
Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.
Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.
Our website uses cookies to give you a better browsing experience.
You can choose to accept all cookies, or control which we use by clicking 'Manage cookies'. To learn more, read our cookie policy.