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 hydrogen storage technology.

The intended delivery of the Hydrogen Storage Business Model (HSBM) by 2025 will support the growth of the hydrogen economy.

The HSBM intends to provide investors with long-term revenue certainty to establish and scale up deployment of hydrogen storage infrastructure. The HSBM will help overcome key investment barriers such as high capital costs, lengthy development lead times and uncertain financial returns in a nascent market.

Following consultation, the Government published a position on the HSBM in August 2023.