UK confirms $2.6b green project funding
Inclusion of funding in government’s budget ends uncertainty over support for 11 electrolytic projects
The UK government has confirmed the allocation of funding worth up to £2b ($2.6b) over 15 years to 11 green hydrogen projects with a total capacity of 125MW. The projects were selected by the previous Conservative government to receive funding via the country’s inaugural subsidy allocation round. However, the status of the support had been uncertain after the Labour party took power following a general election in July. “Today, I am providing funding for 11 new green hydrogen projects across England, Scotland and Wales. They will be among the first commercial-scale projects anywhere in the world,” said Chancellor Rachel Reeves in a budget speech to parliament. The subsidies will be paid out

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