- Jul 20, 2022 10:43 am GMT
World first for UK
The government says it has committed to “awarding up to 1GW of HBM contracts to electrolytic projects via two allocation rounds in 2023 (opening in 2022) and 2024, (opening in 2023)”.
“This means we will have up to 1GW of electrolytic hydrogen production projects in construction or operational by 2025, with up to 2GW of production capacity overall (including CCUS-enabled hydrogen [ie, blue H2]) in construction or operational by this date. We hope to support at least 250MW via the first allocation round, although we retain the right to allocate less if we do not see sufficient projects coming forward that meet our eligibility criteria and present VfM [value for money] to government.”
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