Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, whether his Department is taking steps with (a) industry and (b) investors to help de-risk investment in green hydrogen (i) infrastructure and (ii) projects.

Hydrogen transport and storage (T&S) infrastructure will be critical to the development of the hydrogen economy and to meeting government’s net zero and climate budget goals.

To facilitate the development of this critical infrastructure, we are committed to designing new business models for hydrogen transport and storage by the end of 2025.

The Hydrogen Production Business Model (HPBM) incentivises investment in new low carbon hydrogen production and encourages users to switch to low carbon hydrogen by making it a price competitive decarbonisation option. HPBM support is being allocated through the Hydrogen Allocation Rounds (HARs) and the Carbon Capture, Usage and Storage (CCUS) Cluster Sequencing programme.