Powering Up Britain (2023)
£240 million. The “Powering Up Britain” document outlines the UK’s ambitious hydrogen strategy, aiming to produce up to 10GW of low-carbon hydrogen by 2030. Key initiatives include the Net Zero Hydrogen Fund, the first electrolytic hydrogen allocation round, and plans for further funding rounds in 2023. The strategy emphasizes hydrogen’s role in decarbonizing hard-to-electrify sectors like industry and heavy transport, potentially unlocking £11 billion in private investment for all the programs and supporting over 12,000 jobs by 2030.
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