The UK has doubled its hydrogen targets
UK hydrogen fund to open for applications
First two strands aim to assist projects that do not require immediate and ongoing revenue support
The first two strands of the UK’s £240mn ($186mn) Net-Zero Hydrogen Fund will open for applications on Monday. The UK doubled its hydrogen targets in early April and now aims for 10GW of hydrogen production capacity by 2030, with at least half of this being green hydrogen. To achieve this goal, the country has laid out three main funding streams: a contract for difference (CfD) operational support scheme, an industry innovation fund and a Net-Zero Hydrogen Fund. The Net-Zero Hydrogen Fund is the first to get underway and aims to make awards from the end of 2022. The scheme will provide capex support for the initial construction of green and blue hydrogen production projects via four strands.
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