Energy sector ranks hydrogen top priority for R&D

Some 38pc of those surveyed by law firm WBD consider hydrogen as the transition technology for which R&D is the most important

Hydrogen is emerging as the most important technology in the transition to a low-carbon economy, according to a survey of energy sector decision-makers by law firm Womble Bond Dickinson (WBD). Some 38pc of those surveyed said they considered hydrogen as the technology for which R&D is most important, followed by biofuels (29pc) and geothermal (27pc). The survey asked 170 executives and investors in the sector what they see as the key challenges to its development. Although 74pc of investors believe hydrogen distribution is too complex, less than half (41pc) of executives surveyed feel that way. Similarly 56pc of investors are worried about cost curve uncertainty, compared with 21pc of ex