Carbon Emissions and Hydrogen: Finance
(asked on 9th February 2023) - View Source
Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, when he plans to announce the outcome of the Hydrogen Business Model and Net Zero Hydrogen Fund: Electrolytic Allocation Round 2022.
This question was answered on 24th February 2023
The first electrolytic hydrogen allocation round will offer support from the Net Zero Hydrogen Fund (capital funding) and the Hydrogen Production Business Model (revenue support). Applications closed in October 2022 and the Government hopes to announce a project shortlist in Q1 this year. Following due diligence and negotiations, the Government will award contracts to successful projects later this year.