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.
Welcome to the PE Media Network
PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry