- Jul 20, 2022 8:37 am GMT
The Business and Energy Secretary will meet with industry to accelerate private investment in hydrogen and announce the UK's first hydrogen champion.
Kwasi Kwarteng will demonstrate how the government is making good progress on unlocking the £9 billion investment needed to make hydrogen a cornerstone of the UK’s greener future, while supporting a move away from costly fossil fuels. In recent months, the government has opened applications for the £240 million Net Zero Hydrogen Fund, published the Hydrogen Investor Roadmap, and set out details for the Hydrogen Business Model and Low Carbon Hydrogen Standard.
Energy Minister Greg Hands will announce the opening of the joint allocation round for electrolytic (‘green’) hydrogen projects, a method which uses an electrical current to separate hydrogen from oxygen in water. Under this joint round, funding is available from both the Net Zero Hydrogen Fund (NZHF), and the Hydrogen Business Model (HBM).
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