The RD&D investment in hydrogen and fuel cells in the UK shows a steady upward trend from 2024 through 2028, with a gradual year-on-year increase in value. In 2023, the investment stood at 51.5 million US Dollars PPP. From 2024 onwards, there is a consistent annual growth ranging approximately between 3% and 3.3%.
The Compound Annual Growth Rate (CAGR) over the forecasted period reflects a robust commitment to advancing hydrogen and fuel cell technologies. This increasing RD&D investment indicates a strategic focus on accelerating green energy solutions and reducing carbon emissions.
Future trends to watch include:
- Expansion of government policies supporting hydrogen infrastructure.
- Advancements in cost-efficiency of fuel cell production.
- Increased partnerships between public and private sectors to fund projects.
