INTIEAUnited Kingdom · Net Zero Strategy - Industrial Decarbonization and Hydrogen Revenue SupportPolicyIn force

Net Zero Strategy - Industrial Decarbonization and Hydrogen Revenue Support

The government will invest £140 million to fund new hydrogen and industrial carbon capture business models, which includes up to £100 million to award contracts of up to 250MW of electrolytic hydrogen production capacity in 2023, with further allocations in 2024.   The funding…

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Country / jurisdiction: United Kingdom · Year: 2021 · Status: In force · Level: National · Type: Voluntary

The government will invest £140 million to fund new hydrogen and industrial carbon capture business models, which includes up to £100 million to award contracts of up to 250MW of electrolytic hydrogen production capacity in 2023, with further allocations in 2024.

The funding will be part of a package of governmental support, which includes the £1 billion CCS Infrastructure Fund and £240 million Net Zero Hydrogen Fund, both laid out in the Ten Points Plan.

Official source: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1026655/net-zero-strategy.pdf

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https://www.iea.org/policies/14331

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