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Arval UK and BNP Paribas join UK Hydrogen Taskforce

Hydrogen Fuel pump

Arval UK and BNP Paribas Group have joined the UK’s first Hydrogen Taskforce, a coalition of 10 organisations with a shared cross sector vision for hydrogen energy and fuel in Britain.

The taskforce was launched at the Houses of Parliament and the event was attended by MPs, academics, industry specialists and representatives from taskforce members, which include BP, Shell Arup, Baxi, BOC, Cadent, DBD, ITM, and Storengy.

Tracey Fuller, Arval and BNP Paribas UK head of corporate social responsibility, said: “As part of the taskforce, working alongside a wide range of stakeholders including government, industry and experts we aim to drive investment in hydrogen as an essential, exciting and transformative option in the future energy and fuel mix.

“This will help to support the transition to a low-carbon economy.”

The event supported the launch of a publication on ‘The Role of Hydrogen in delivering Net Zero’, which sets out an action plan that must be implemented to enable hydrogen solutions to scale in the UK.

The action plan includes the following steps:
  1. Development of a cross-departmental Hydrogen Strategy within UK Government.
  2. Commitment by government of £1bn over the next Spending Review Period to hydrogen production, storage and distribution projects.
  3. Development of financial support for the production of hydrogen for blending into the gas grid, industrial use, power generation and transport.
  4. Amendment of Gas Safety Management Regulations (GSMR) to enable hydrogen blending into the UK Gas Grid and take the next steps towards 100% hydrogen heating through supporting public trials and mandating hydrogen-ready boilers by 2025.
  5. Collaboration to establish 100 hydrogen refuelling stations (HRS) by 2025 to support the roll-out of hydrogen transport.

The Hydrogen Taskforce builds on the work of Arval UK through the Swindon based Hydrogen Hub, the industry-led community of stakeholders from across the hydrogen and fuel cell supply chain, Government, local authorities, businesses and current and potential users.

Fuller added: “As a leasing solutions provider, we’ve been working with corporates and not-for-profit organisations which currently have hydrogen powered vehicles from us as part of their fleets. 

“Over a year ago, we also set out to engage the next generation, creating a hydrogen fuel-cell education pack which has now reached more than 200,000 pupils since its launch a year ago.” 

The BNP Paribas Group has also taken leadership on transformative energy options on a global scale as part of the Hydrogen Council, a global CEO-led initiative of leading energy, transport and industry companies with a united vision and long-term ambition for hydrogen to foster the energy transition.

The initiative launched during the 2017 World Economic Forum in Davos and now comprises 77 members representing total turnover of more than €18.6 trillion and nearly five million jobs worldwide.

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