Energy and Net Zero Secretary Claire Coutinho
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
Also in this section
4 October 2024
Boost for CCUS and blue hydrogen projects as government confirms funding for HyNet and East Coast clusters
3 October 2024
The stakes are high for project developers as they choose which hydrogen molecule or derivative with which to target future markets
2 October 2024
The fuel’s inroads in maritime fuel market hamper efforts to secure demand for synthetic fuel, German utility Uniper tells World Hydrogen Congress
27 September 2024
A new realism is shaping the ambitions of the clean hydrogen industry after years spent overstating its decarbonisation potential
