Hydrogen Allocation Round

Over GBP 2 billion of OPEX support was allocated to 11 projects (125 MW of electrolysis) in the first HAR1, with operations to start in 2025. The average strike price was GBP 241/MWh (USD 10.2/kg). Private capital investment of GBP 413 million (USD 525 million) is expected between 2024-2026.

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