20/07/2022 | Green hydrogen

Government’s green hydrogen announcements will kickstart major roll-out of new clean super-fuel

20 July 2022 - RenewableUK press release


Commenting on the Government’s launch of the application window for the first joint allocation round of financial support for green hydrogen projects, with funding available from both the Net Zero Hydrogen Fund and the Hydrogen Business Model, as well as the appointment of the UK’s first Hydrogen Champion Jane Toogood, RenewableUK’s Policy Analyst for Emerging Technologies Laurie Heyworth said:


“The Government’s landmark announcement on the way in which British companies will be able to access funding for green hydrogen projects will kickstart the private investment we need to build up a whole new industry in the years ahead. The Hydrogen Business Model operates in a similar way to Contracts for Difference which have turbo-charged the growth of wind energy in the UK and enabled rapid and massive cost reductions. Green hydrogen will add vital flexibility to our future energy system as it can be used in a wide range of ways to replace expensive gas. 


“Our deep-dive report into the benefits of green hydrogen, published in May, shows that the UK is already a world leader in this innovative technology and that with the right policies in place we can meet the Government’s target of installing 5GW of green hydrogen electrolysers by 2030, as well as creating thousands of highly-skilled jobs, building up a British supply chain and exporting our goods and expertise worldwide.


“We’re looking forward to working closely with the Government’s new Hydrogen Champion, Jane Toogood, on measures to speed up the roll-out of green hydrogen as a clean super-fuel which will help us to decarbonise sectors such as transport and energy-intensive industries where progress has been too slow so far”.


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Notes


RenewableUK’s members are building our future energy system, powered by clean electricity. We bring them together to deliver that future faster; a future which is better for industry, billpayers, and the environment. We support over 400 member companies to ensure increasing amounts of renewable electricity are deployed across the UK and to access export markets all over the world. Our members are business leaders, technology innovators, and expert thinkers from right across industry.


More details on the Governments hydrogen announcement are available here. 


RenewableUK’s green hydrogen report is available here.


RenewableUK’s events programme is available here.


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