Hydrogen

(asked on 7th December 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 steps he is taking to finalise hydrogen business models; and when he plans to publish those models.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 15th December 2021

The Government has consulted on a business model to provide revenue support to low carbon hydrogen production plants. Revenue support is needed to close the cost gap between producing low carbon hydrogen and counterfactual higher carbon fuels to unlock investment in hydrogen projects.

The Government is analysing stakeholder responses to the consultation and aims to publish the Government response in Q1 2022 alongside indicative Heads of Terms for the business model contract. The Government aims to finalise the business model in 2022.

Reticulating Splines