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 through (a) regulatory reform and (b) market incentives to support the growth of the hydrogen technology manufacturing sector.
The UK is optimally positioned to develop a thriving hydrogen economy, with many UK companies at the forefront of hydrogen technology advancement.
The Government has announced a public finance offer for clean energy industries, to crowd private investment into sustainable UK supply chains, including in the hydrogen sector. This includes a new £1 billion Clean Energy Supply chain fund aligned with the Clean Energy Industries Sector Plan; £5.8 billion for the National Wealth Fund to invest in industries including low carbon hydrogen across this Parliament; and a £4 billion British Business Bank Industrial Strategy Growth Capital scale up and start up financing package.