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
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