UK green projects secure up to £2b in subsidies

Country’s first allocation round awards electrolytic hydrogen projects attractive gas-linked strike prices, but total capacity falls short of government’s ambition

Eleven electrolytic hydrogen projects in the UK have secured government support potentially totalling up to £2b ($2.6b) over 15 years via the country’s inaugural subsidy allocation round. As a condition of the subsidy awards, the projects have committed to upfront private capital investments of £413m between 2024 and 2026, with around 760 direct jobs created during construction and operation, the government said. Energy security secretary Claire Coutinho said the subsidy awards would help to put the UK “at the forefront” of the green hydrogen sector. “Today’s funding commitment represents a monumental step forward” Coutinho, energy security secretary “Today’s funding commitment repre