ITM Power PLC (LON:ITM) has welcomed the findings of the report from the Committee on Climate Change.
The report was released yesterday at the request of the government, and, it contends that the UK can "end its contribution to global warming" within 30 years via the adoption of new ambitious targets to cut greenhouse gas emissions to zero by 2050.
The government is considering the report and is expected to adopt its recommendations, the company noted.
READ: ITM Power making headway in the drive for clean fuel
ITM, which has technology that uses hydrogen to generate power, highlighted that the report described a vital role that hydrogen could play to achieve those targets. It covered the potential for hydrogen in reducing emissions in heating and cooking, the use in industry of green hydrogen, in fuel cell electric vehicles, in ports and in agriculture.
Chief executive Dr Graham Cooley, in a statement, said: "ITM Power welcomes the findings of this report, which highlight the many benefits that clean production of hydrogen offers in eliminating carbon.
“We have the experience and capability to help deliver the UK's carbon reduction targets.
“Our products in energy storage, industry and transportation sectors are already delivering benefits to forward thinking customers in the UK and in many other parts of the world."