Industry calls on business and energy minister Kwasi Kwarteng for more detail
UK fleshes out hydrogen strategy
Direct capex support for projects and CfD-type mechanism for offtake will help boost industry
The UK government has outlined more details on how it will support the hydrogen sector following the release of its energy security plan earlier this week. The UK doubled its hydrogen targets under the plan and now aims for 10GW of hydrogen production capacity by 2030 with at least half coming from green hydrogen. It wants to have 2GW of hydrogen capacity operational by 2025, targeting 1GW of blue hydrogen and 1GW of green hydrogen. To achieve this, the government plans to set up and allocate £100mn ($130mn) to a new subsidy scheme this summer. It aims to finalise the design of the scheme this year, with the first contracts awarded to projects “from 2023”, the government says in a separate
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