The UK has doubled its hydrogen targets
UK hydrogen fund to open for applications
First two strands aim to assist projects that do not require immediate and ongoing revenue support
The first two strands of the UK’s £240mn ($186mn) Net-Zero Hydrogen Fund will open for applications on Monday. The UK doubled its hydrogen targets in early April and now aims for 10GW of hydrogen production capacity by 2030, with at least half of this being green hydrogen. To achieve this goal, the country has laid out three main funding streams: a contract for difference (CfD) operational support scheme, an industry innovation fund and a Net-Zero Hydrogen Fund. The Net-Zero Hydrogen Fund is the first to get underway and aims to make awards from the end of 2022. The scheme will provide capex support for the initial construction of green and blue hydrogen production projects via four strands.
Also in this section
18 December 2024
Central Asian country’s vast wind and solar resources have attracted a $50b electrolytic hydrogen mega-project aimed at exporting to Europe
17 December 2024
Sultanate prepares to offer international hydrogen project developers more land concessions but refines auction design as global industry sentiment cools
17 December 2024
Siemens Energy and Air Liquide collaborate on first commercial-scale electrolyser to be deployed at an industrial site in Europe
16 December 2024
Sustainable aviation fuel from electrolysis has great potential for reducing aviation sector emissions, but cost, energy requirements and the need for substantial investment stand in the way of take-off
