Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Green hydrogen
  • Blue hydrogen
  • Storage & Transportation
  • Consumption
  • Strategies & Trends
  • Finance
  • Women in Hydrogen 50
  • Podcasts
Search
Related Articles
Letter from London: BP’s East Coast demand warning
Oil major cites deteriorating demand and a planning debacle as it abandons one of UK’s largest blue hydrogen projects
Gigafactory gap forces UK to import hydrogen batteries
The UK now has a never-to-be-repeated opportunity to build indigenous manufacturing and production capabilities that create both domestic value and export opportunities
DNV cuts North America hydrogen forecasts by 30%
Growth outlook hit by recent policy changes in pivotal year for the region’s hydrogen industry, says risk management firm DNV
EU confronts sustainable fuels ‘market failure’
Policymakers launch €2.9b package aimed at driving investment to meet its aviation and maritime sustainable fuel targets
Europe’s wake-up call
Europe urgently needs a dose of pragmatism to unlock its clean hydrogen potential, Hydrogen Council CEO Ivana Jemelkova tells Hydrogen Economist
Letter from Hamburg: Germany’s hydrogen rethink
Government promotes greater flexibility in policy and regulation as it concedes mistakes were made in initial stages of industry’s development
Letter from London: Baytown blues
US oil major ExxonMobil looks unlikely to advance its Baytown blue hydrogen project in Texas in the near term, reflecting the new pragmatism now guiding the energy transition
The on-the-ground reality of UK hydrogen demand
The list of sectors turning to hydrogen grows longer every year, but projections based on a top-down view of industry risk underestimating the level of demand
Letter on hydrogen: Something’s gotta change
Hydrogen Europe is right to challenge the EU’s strategy as the industry struggles to gain real momentum
Germany breaks ranks on green definitions
Government signals intent to replace EU rules on green hydrogen and to review domestic production targets as it resets country’s energy transition strategy
UK Prime Minister Keir Starmer
UK Policy
Stuart Penson
4 October 2024
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

UK backs low-carbon hubs with $28b funding pledge

Boost for CCUS and blue hydrogen projects as government confirms funding for HyNet and East Coast clusters

The UK government has committed to back the development of low-carbon hydrogen and CCUS with a funding package of up to £21.7b ($28.4b) over 25 years. The funding will be allocated across the country’s first two low-carbon clusters—HyNet and East Coast in northern England—which were prioritised by the previous government as “track one” projects. The funding is expected to be allocated mainly via CfDs, although these contracts have yet to be signed, a government official said. Private sector investment across the two hubs is expected to reach £8b, according to the government. “Today’s announcement will give industry the certainty it needs—committing to 25 years of funding in this groundbreaki

Also in this section
EU frets over China’s green hydrogen progress
5 December 2025
European Commission highlights rapid growth of Chinese production this year, as it retains strict procurement rules in latest European Hydrogen Bank subsidy auction
Letter from London: BP’s East Coast demand warning
2 December 2025
Oil major cites deteriorating demand and a planning debacle as it abandons one of UK’s largest blue hydrogen projects
EWE breaks ground on major green hydrogen project
1 December 2025
Project at Emden in northwest Germany due online in 2027, but wider ramp-up of clean hydrogen sector in Germany will require overhaul of government policy, company warns
Letter on hydrogen: The Mauritania model
25 November 2025
The northwest African country’s vision of integrating green power, molecules and steel is alive and kicking, and serves as a reminder of hydrogen’s transformative potential

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search