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Hydrogen opportunities for industrial products companies

Heat and power generation

How fast will the hydrogen market move? Our latest analysis identified nearly 300 industrial sites within 50 miles of planned hydrogen generation sites that could consider investing in hydrogen-ready technologies.

Hydrogen opportunities for industrial products companies
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Pressure is growing on industrial companies to reduce their emissions. Most industrial facilities produce their own heat and power on site from fossil fuels, which need to be replaced by low-carbon sources. In many cases, hydrogen will be one of the limited options to decarbonise operations. Hydrogen may also play a role in power generation to support system flexibility.

The three scenarios in the UK’s Net Zero Strategy give us a glimpse of the possible pathways for meeting the 2050 target. All scenarios consider hydrogen as a key contributor to the UK energy mix in the next few decades.

It’s therefore time for industrial products companies to explore market opportunities in the industrial heat and power and power generation sectors and ask:

  • What hydrogen-ready equipment and services will be needed and when?
  • Will we be ready to supply these products to meet future demand?
  • What if the market develops faster than we expect?


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James Williams

Deloitte - United Kingdom
James Williams is a partner in the Transaction Services Group based in London. He has extensive experience gained over 27 years of working on both buy-side engagements for private equity clients and strategic investors. James leads the UK Industrial Products & Construction sector.
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Daniel Grosvenor

Deloitte - United Kingdom
Daniel is a power and utilities specialist with a focus on nuclear power and low carbon generation. He has provided advice to Governments, major corporates, private equity, lenders and project developers on transactions and projects throughout the power sector. His work has included everything from strategic advice and market entry studies, through fund raising and M&A to financing decommissioning. Recent projects have included: Hinkley Point C, one of the biggest infrastructure projects in the world A focus on energy storage with more than 15 battery projects reviewed Fund raising for EnTec (energy technology) start-ups bring innovation to the power sector Distributed energy solutions including, domestic battery and solar solutions, demand response and virtual power plants. As well as the UK, Daniel has worked extensively across EMEA, Asia and the US and is seen as an international expert in his field.
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Netti Farkas Mills

Deloitte - United Kingdom
Netti is a Senior Insight Manager for Energy, Resources & Industrials in the UK. Netti writes thought leadership reports and leads research projects on a wide range of energy-related topics including energy transition, hydrogen and nuclear. Her reports are based on surveys and interviews with senior executives. She regularly delivers presentations on key research findings. Netti holds a PhD in Ancient History (King’s College London, UK).
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