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Letter on hydrogen: Bankable business?
Pressure is growing on developers to prove the bankability of their projects in a challenging market for green hydrogen
EU waves through €400m Spanish green support scheme
Scheme will fund up to 345MW of electrolyser capacity through direct grants for up to ten years
European green projects in scramble for subsidies
European Hydrogen Bank auction is four times oversubscribed, while industry remains on pause in US amid IRA subsidy uncertainty
Hy24 enters North America with StormFisher investment
Leading European hydrogen investor commits $50m to green fuels developer amid continued uncertainty over US renewables policy
UAE eyes overseas projects as it ramps up clean hydrogen production
Focus on facilities in Spain, Egypt and the UK as Mideast Gulf country aims to scale up output to supply markets in Europe and Asia
Scotland targets green hydrogen exports to Germany
Plans include a £2.7b export pipeline, but country faces stiff competition from other European suppliers
US hydrogen industry may ultimately benefit from Trump
Sector awaits clarity on tax credits and loan programmes amid mixed signals from the Trump presidency
Hydrogen Market Databook 2025: Western Europe, part 2
The UK leads Western Europe in terms of active hydrogen project market share, but developments are planned across Italy, Spain, Portugal, the Netherlands and the Nordic countries
Letter on hydrogen: HSBC takes the plunge
Bank’s UK arm signs first deal to finance a green hydrogen developer, but cost and offtake pressures mean the sector remains too risky for many lenders
Letter on hydrogen: Five factors to watch in 2025
From politics to power and pipelines, the year ahead looks challenging for the emerging clean hydrogen sector
The government has previously awarded £37.9mn via the fund
UK Finance
Polly Martin
14 April 2023
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UK opens round two of Net Zero Hydrogen Fund

Applicants must demonstrate plans to develop projects by 2025

The UK government has launched a call for applications to the second round of its £240mn ($300mn) Net Zero Hydrogen Fund. The round is divided into two strands. The first supports development costs for Feed and post-Feed activities, with amounts ranging from £80,000–10mn. The second, ranging from £200,000–20mn, will provide capex support for projects that will not seek revenue support via the government’s Hydrogen Business Model subsidy scheme. £200,000–20mn – Range of capex support via fund Developers seeking funding via either strand will have to demonstrate plans toward commissioning their projects by 2025. The first strand will close for applications at the end of May, while

Also in this section
Europe should partner with China in clean hydrogen race
11 June 2025
China emerges as clear frontrunner as US growth stalls and Europe burdens its industry with labyrinthine regulations
Letter on hydrogen: Bankable business?
30 May 2025
Pressure is growing on developers to prove the bankability of their projects in a challenging market for green hydrogen
Egyptian green hydrogen in holding position
23 May 2025
Investors remain committed to development but are waiting on greater international market certainty
India bullish on green hydrogen potential
22 May 2025
The government has ambitions to scale up production and become a major exporter by the end of the decade

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  • Green hydrogen
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