HYDROGEN INDUSTRY


ACHING


AINABILITY LS WITH


N ENERGY


to about £7 billion in the UK and £43 billion across Europe in 2030. Hardware and related fulfilment services will account for some 45% of this market through 2030 – around £3.15 billion.


FINANCING TECHNIQUES FOR DECARBONISATION But how will this be paid for? The diversification of technology, such as hydrogen fuel cells, can help make this challenge more surmountable, but it is clear publics funds alone will not be sufficient to create the clean and green infrastructure required to transition to Net Zero. It will require a combination of public and private sector finance – a fact acknowledged in the government’s own strategy. Smart specialist finance solutions, offered by private sector financiers, can make investment financially sustainable.


This is especially important for small to medium-


sized manufacturers and the companies that sell technology and equipment to them. They do not have the luxury of being able to raise funds from the capital markets by issuing bonds or equity – tools that are only readily available to larger firms. This is where specialist financiers play a critical role by offering a variety of financing tools to make digitalised, low-energy, sustainable equipment upgrades affordable. Smart financing is offered by specialist financiers


who have a deep understanding and knowledge of the industry and relevant technology, and can enable the acquisition of technology and equipment for competitive advantage in a financially sustainable way, tailored to an organisation’s specific business and cash-flow needs. Specifically, smart finance makes investments possible and affordable by aligning costs with revenues. Additionally, it offers three major advantages


over generalist finance: technology expertise which understands real business outcomes; a


Toby Horne


breadth of financing solutions which can meet the organisation’s exact needs; and smooth, sophisticated processes which make the use of smart finance seamless and easy.


A GREEN STRATEGY The drive for sustainable, decarbonising, technologies remains strong despite economic and geopolitical pressures. While investment in electrification is growing in popularity in many industries, it is likely that a hybrid approach, combining electric with hydrogen, will be the most cost effective green strategy. This investment will be difficult for the public purse to bear alone. As a result, the role of specialist financiers is becoming more important for reaching sustainable goals, as they can help make the acquisition of the necessary technology more affordable, efficient and cash-flow friendly.


Siemens Financial Services UK www.siemens.com/uk


“Modelling suggests that the use of low carbon hydrogen could


deliver total emissions savings of around 41MtCO2e between 2023 and 2032, equivalent to the carbon captured by 700 million trees over the same time period”


Ollie Finkill


YOUR WORKSHOP Change the game


An extremely durable and reliable


storage solution perfect for industrial and retail environments.


UP


with the BiG340 shelving from BiGDUG.


www.essmag.co.uk


ENERGY & SUSTAINABILITY SOLUTIONS - Summer 2023


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