Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, what her Department's latest estimate is of the capital expenditure cost of a new 1GW blue hydrogen plant commissioning by 2030.
‘Hydrogen Production Costs 2021’, published by the Department for Business, Energy and Industrial Strategy in August 2021, sets out the levelised cost of various hydrogen production technologies. The information requested can be found in the table ‘Technical and cost assumptions (2020 real prices) within the annex to the report. Therefore, the cost from the table is £531 /kW hydrogen HHV meaning £531M for the 1GW plant.
Please see: https://www.gov.uk/government/publications/hydrogen-production-costs-2021
We will continue to monitor and update cost estimates based on new evidence as it becomes available.