Chancellor Rachel Reeves presenting her Budget
UK confirms $2.6b green project funding
Inclusion of funding in government’s budget ends uncertainty over support for 11 electrolytic projects
The UK government has confirmed the allocation of funding worth up to £2b ($2.6b) over 15 years to 11 green hydrogen projects with a total capacity of 125MW. The projects were selected by the previous Conservative government to receive funding via the country’s inaugural subsidy allocation round. However, the status of the support had been uncertain after the Labour party took power following a general election in July. “Today, I am providing funding for 11 new green hydrogen projects across England, Scotland and Wales. They will be among the first commercial-scale projects anywhere in the world,” said Chancellor Rachel Reeves in a budget speech to parliament. The subsidies will be paid out
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