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UK Financing
Stuart Penson
1 July 2022
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UK aims for summer launch of hydrogen support scheme

First round of government scheme to offer revenue support to electrolytic projects, minister says

The UK government expects to launch the first round of its low-carbon hydrogen business model support scheme this summer, Greg Hands, minister of state for business, energy and clean growth, told the Hydrogen for Life 2022 conference in London this week. The scheme will kick off by opening the first-round allocation process for support for electrolysis projects to “incentivise both production and the use of low-carbon hydrogen through the provision of ongoing revenue support”, Hands said. He did not comment on the potential timing of actual subsidy awards. The government said in a consultation response in April that it aimed to make the first awards under the hydrogen business model in 2023.

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