Media Coverage
Source: City A.M.
Media Coverage
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
02.14.22
Pillsbury Energy partner Gavin Watson was exclusively featured in City A.M. on his advisement of Britain’s launch of the first nuclear fusion plant backed by Amazon founder Jeff Bezos. The plant intends to utilize a hydrogen-based input which aligns well with Prime Minister Boris Johnson efforts to make Britain "go green."
In an extensive Q&A, Watson said, “Fusion is the illusive final frontier for renewable energy, so I can see why it would attract investment from Mr. Bezos. I think the fact he’s prepared to invest money into the UK should serve as an endorsement of the prospects for the country’s renewable energy market.”
Watson, who City A.M. describes as being “generally considered [London’s] go-to lawyer for hydrogen projects,” added this about the prospects for hydrogen: “Green hydrogen is of course the ambition, but precious little is actually produced at the moment. Though the ultimate goal is a hydrogen economy built on renewable sources, blue hydrogen is an important step in the right direction. It can be likened to the role played by hybrid vehicles in our transition from petrol and diesel engines to electric vehicles.”
Watson concluded, “We really need to work out where billions [in hydrogen investments] will actually come from. After all, in the last few years I think it would be fair to say we’ve seen small pools of seed or proprietary capital invested to enable early-stage hydrogen projects to progress, often supported by industry participants with a technological, engineering, or demand-side driver for early engagement.”
Read the full Q&A interview here.