Net Zero Strategy - Industrial Decarbonization and Hydrogen Revenue Support

The government will invest £140 million to fund new hydrogen and industrial carbon capture business models, which includes up to £100 million to award contracts of up to 250MW of electrolytic hydrogen production capacity in 2023, with further allocations in 2024.

 

The funding will be part of a package of governmental support, which includes the £1 billion CCS Infrastructure Fund and £240 million Net Zero Hydrogen Fund, both laid out in the Ten Points Plan.

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