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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
National Grid Plc | LSE:NG. | London | Ordinary Share | GB00BDR05C01 | ORD 12 204/473P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-6.00 | -0.57% | 1,048.00 | 1,047.50 | 1,048.50 | 1,061.50 | 1,045.50 | 1,058.00 | 1,957,108 | 14:24:53 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Combination Utilities, Nec | 24.25B | 7.8B | 2.1140 | 4.96 | 38.65B |
By Jaime Llinares Taboada
U.K. gas grid companies intend to deliver the country's first 100% hydrogen-fuelled town by 2030, the Energy Networks Association said Thursday.
National Grid PLC, Northern Gas Networks Ltd., Cadent Gas Ltd., Scotia Gas Networks Ltd. and Wales & West Utilities Ltd.--which, combined, transport natural gas to 85% of British homes--have set a framework to transform the country's gas networks so that they can deliver hydrogen instead.
The ambition to convert a large town by 2030 is part of the plan's pilot stage and will start with a neighborhood trial in 2023. This is as the companies want to be ready to blend hydrogen into the gas distribution grid at up to 20% volume by 2023. In terms of production, they expect 1 gigawatt by 2025 and 5 gigawatts by 2030.
After that, a scaling-up phase is projected for 2030-2040, when hydrogen production would be connected to networks and its use would become more widespread for domestic appliances such as heating, heavy transport and power generation. A full transition to hydrogen as a major substitute of polluting fuels is expected to materialize in 2040-2050.
The ENA estimates hydrogen can remove around 41 million metric tons of carbon dioxide, or 12% of total U.K. emissions. The deployment of hydrogen across the country could create 43,000 jobs for industrial decarbonization alone, 195,000 if the fuel plays a full role economy-wide, and 221,000 if Britain becomes a major hydrogen exporter, the ENA said.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT
(END) Dow Jones Newswires
January 20, 2021 19:15 ET (00:15 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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