In its business plan for 2024-25, the agency has added the new workstream as part of its commitment to supporting the Net Zero energy transition.
The Net Zero Hydrogen workstream will see the agency use its skills and expertise to support the Scottish government’s hydrogen programme, which aims to attract more private investment into the sector.
In his foreword, SFT chief executive Peter Reekie highlighted the fact that the Scottish government has committed to reach Net Zero in just over 20 years’ time.
“With that goal we are witnessing an acceleration of the new types of infrastructure that are needed to support Scotland’s low carbon ambitions which is opening up new opportunities for investors and those working in the construction sector.,” he said.
“Building upon our existing net zero work in preparing the ground for large-scale private sector investment in heat networks and attracting further investment in electric vehicle charging infrastructure, this year we have established a new workstream dedicated to infrastructure for the hydrogen economy.”
The business plan also highlights the role of the SFT’s innovative finance team in supporting the energy transition, stating: “Scottish government policies which are driving decarbonisation require some new types of infrastructure. Opening up private investment into these areas can require significant effort to both stimulate supply and the demand for these new assets.”
Last week the Scottish government confirmed Joseph Philipsz as the SFT’s new chairman.
