Hydrogen: Finance

(asked on 14th June 2021) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans his Department has to develop a Contract for Difference focused solely on green hydrogen.


Answered by
Anne-Marie Trevelyan Portrait
Anne-Marie Trevelyan
This question was answered on 17th June 2021

We will consult shortly on our preferred hydrogen business model, or models, for low carbon hydrogen aimed at supporting delivery of our 5GW hydrogen production capacity. Our business model will be designed to support a range of low carbon hydrogen production technologies, including electrolysis using renewable electricity and methane reformation with carbon capture, utilisation and storage (CCUS).

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