UK looks to deliver natural gas and hydrogen projects for freight transport
UK looks to deliver natural gas and hydrogen projects for freight transport
Alternative fuels – including compressed natural gas, liquefied natural gas (LNG) and hydrogen – are likely to be the most realistic option for freight users in the short to medium term when plug-in electrification is technically or financially unviable.
But it is the fuel supply chain that developers of alternative fuel projects for freight users will need to focus on. They need to ensure the source and security of supply, as well as eligibility for renewable benefits, the refuelling infrastructure, and volume, location and deliverability, and the predictability of customer revenues.
In the UK, projects for alternative fuels may benefit from the Renewable Transport Fuel Obligation (RTFO), which regulates renewable fuel used for transport and qualifying hydrogen projects. These projects might also qualify for Renewable Transport Fuel Certificates (RTFCs), which can provide a secure revenue stream within a financing structure for qualifying renewable-fuel generation projects.
This online course will provide an in-depth understanding of alternative fuels. You will learn about the fuel supply chain and the importance of ensuring the source and security of supply, eligibility for renewable benefits, the refuelling infrastructure, and the predictability of customer revenues.
By the end of this course, you should be able to:
- Understand the various alternative fuels that can be used in the freight industry
- Understand the potential role of hydrogen in aviation, shipping, and maritime transportation, structure and regulatory framework
- Identify the role of fund investments and grants and subsidies in supporting alternative fuel projects