One North Sea

Innovation within the energy ecosystem can play a critical role in cost reduction and maturity, but cross sector collaborations at national and international levels will be essential to foster a supportive environment for maturing technology solutions and to unlock investment opportunities that stimulate existing capabilities.

With significant levels of interdependency between energy sources, there is a need for concerted and strategic effort, paired with adequate incentives to ensure the North Sea region continues developing on its commitment to the delivery of clean energy and economic development. In light of these results and developments since the previous report, we expect to see a considerable increase in the number of hydrogen projects, particularly green hydrogen production, alongside a considerable maturity increase in CCS and electrification technologies.

With large storage potential across saline aquifers, the North Sea region has the opportunity to contribute to significant development in the understanding of CCS technologies. There is a strong need for infrastructure development, supporting the transport and storage of emerging energy products. The development of net-zero energy systems will be dependent on the acceleration of any deployable technology solutions in order to deliver environmental and economic benefit to the North Sea region.

The North Sea, Offshore Wind and Hydrogen