Asked by: Jeevun Sandher (Labour - Loughborough)
Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, what steps he is taking to support (a) clean hydrogen generation, (b) the use of hydrogen in (i) heavy industry and (ii) transportation and (c) the (A) skills and (B) infrastructure required for the hydrogen economy.
Answered by Sarah Jones - Minister of State (Department for Energy Security and Net Zero)
The Government is delivering revenue support to hydrogen production through the Hydrogen Production Business Model. This is being combined with demand-side measures including innovation and capital funding for industrial and transport users, as well as the development of environmental requirements on fuel-use and emissions.
In addition our National Wealth Fund will directly invest in ports, hydrogen and industrial clusters across the country, including £500 million to support the manufacturing of green hydrogen. And we will reward clean energy developers with a British Jobs Bonus.
Asked by: Jeevun Sandher (Labour - Loughborough)
Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, how investors in hydrogen projects in Loughborough constituency can request funding from (a) the National Wealth Fund and (b) GB Energy.
Answered by Sarah Jones - Minister of State (Department for Energy Security and Net Zero)
The National Wealth Fund was announced by the Chancellor on 9 July and further details will be set out at the International Investment Summit on 14 October. In the meantime, projects can approach UKIB who assesses each opportunity on a deal-by-deal basis and can be contacted by making an enquiry on the UKIB website.
Great British Energy will be an operationally independent company, overseen by a Board, rather than Ministers, benefitting from industry-leading expertise and experience across its remit. The Bill establishing Great British Energy is currently going through Parliament.