UK government invests £2 billion in green hydrogen projects
The UK government has announced £2 billion (€2.3 billion) in government funding over the next 15 years for 11 major hydrogen projects. Confirmed suppliers will receive a guaranteed price from the government for the clean energy they supply.
The government said this represents the largest number of commercial scale green hydrogen production projects announced at once anywhere in Europe.
Unlike blue hydrogen, which is formed using fossil fuels and capturing the carbon emissions, green hydrogen is made by using renewable energy to split water – helping provide cleaner fuel for energy intensive industries and transport, added the government.
The successful projects will invest over £400 million (€464.3 million) in the next three years, generating more than 700 jobs in local communities across the UK and delivering 125MW of new hydrogen for businesses including:
Minister for Energy Efficiency and Green Finance, Lord Callanan, said: "Today’s funding commitment represents a monumental step forward in helping producers to deliver a fuel of the future today, backing businesses to go greener.
"This will be essential to achieving our net zero targets, and will benefit people across the UK with the job and investment opportunities that this funding will bring.
"And we’re not stopping there with a new, second round of funding now available for producers to apply for, so they can develop the next round of projects and build on this success.
"Today’s funding represents the most significant step in scaling up the UK’s hydrogen economy to date – speeding up progress towards the government’s ambition to deploy up to 10GW low carbon production capacity by 2030."
The government said this represents the largest number of commercial scale green hydrogen production projects announced at once anywhere in Europe.
Unlike blue hydrogen, which is formed using fossil fuels and capturing the carbon emissions, green hydrogen is made by using renewable energy to split water – helping provide cleaner fuel for energy intensive industries and transport, added the government.
The successful projects will invest over £400 million (€464.3 million) in the next three years, generating more than 700 jobs in local communities across the UK and delivering 125MW of new hydrogen for businesses including:
Minister for Energy Efficiency and Green Finance, Lord Callanan, said: "Today’s funding commitment represents a monumental step forward in helping producers to deliver a fuel of the future today, backing businesses to go greener.
"This will be essential to achieving our net zero targets, and will benefit people across the UK with the job and investment opportunities that this funding will bring.
"And we’re not stopping there with a new, second round of funding now available for producers to apply for, so they can develop the next round of projects and build on this success.
"Today’s funding represents the most significant step in scaling up the UK’s hydrogen economy to date – speeding up progress towards the government’s ambition to deploy up to 10GW low carbon production capacity by 2030."
