UK projects being deprioritised by some companies
UK risks leaving ‘great’ hydrogen projects unfunded
Pipeline of credible projects now exceeds 250MW capacity limit set out by first government funding round, industry association Hydrogen UK tells Hydrogen Economist
The UK was a first mover in announcing major funding for low-carbon hydrogen, but the initial scope of its support scheme means it is set to leave a pipeline of credible projects unfunded, adding to the risk that private investment will move elsewhere, according to Clare Jackson, CEO of industry association Hydrogen UK. The government’s first tranche of funding under its £100mn ($120mn) hydrogen business model scheme will cover 250MW of electrolytic hydrogen projects, with a shortlist of qualifying projects expected imminently. But Jackson says 250MW is not enough, given the number of projects in the pipeline. She estimates there is £1.1bn of private investment “ready to go” for early-stage
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