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UK urged to accelerate hydrogen CfD scheme
Country has scope to significantly overshoot 2030 targets, says new trade association Hydrogen UK
Newly launched trade association Hydrogen UK has called on the government to bring forward its launch of a proposed contract for difference (CfD) support scheme for clean hydrogen production projects to accelerate the sector’s growth. Hydrogen UK, the members of which include oil and gas firms Shell and BP, German utility Uniper and Norway’s Equinor, has urged the government to open applications for CfDs by mid-2022 at the latest and to award contracts to projects at the end of the year. This would enable projects to reach FID in 2023, the association says. The government’s current timetable is to finalise the business model in 2022, enabling the first CfD contracts to be allocated from Q1 2
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