The UK aims to have 1GW of capacity in operation or under construction by 2025
UK launches green hydrogen support scheme
Government targets 1GW of capacity by 2025, but first-round contract awards under hydrogen business model not expected until July 2023
The UK government has launched its hydrogen business model support scheme for electrolyser-based projects and aims to have 1GW of capacity in operation or under construction by 2025, energy minister Greg Hands told the Hydrogen Investment Forum in London today. The deadline for applications to the scheme is 12 October, and the government expects to publish a shortlist of projects early next year. The first contracts under the scheme are likely to be awarded in July 2023, officials told the forum. The scheme offers projects ongoing support via a contract for difference (CfD) mechanism, which guarantees an agreed strike price, offering developers and investors greater revenue certainty. “We ar
Also in this section
14 February 2025
Leading European hydrogen investor commits $50m to green fuels developer amid continued uncertainty over US renewables policy
14 February 2025
Focus on facilities in Spain, Egypt and the UK as Mideast Gulf country aims to scale up output to supply markets in Europe and Asia
12 February 2025
Tax incentives attract multiple proposals for hydrogen hubs as government launches new initiative to speed up transition
11 February 2025
Multiple production routes and regional policy differences hamper nascent sector’s ability to attract investment
