UK Government announced that The Net Zero Hydrogen Fund, worth up to GBP 240 million, will fund the development and deployment of new low carbon hydrogen production to de-risk investment and reduce lifetime costs. Both strands are designed to support multiple low carbon hydrogen production technologies that meet the eligibility criteria.Strand 1 will provide development expenditure for front end engineering design and post-FEED activities, aiming to build the pipeline of hydrogen production projects to measurably move these closer to deployment.Strand 2 will provide capital expenditure support for hydrogen production projects that do not require revenue support through the Hydrogen Business Model. Applicants for strand 2 must demonstrate how they will develop a credible project that will contribute to the at-scale production of low-carbon hydrogen by 2025.UKRI Innovate UK will deliver the Net Zero Hydrogen Fund on behalf of BEIS.
UK Government announced that The Net Zero Hydrogen Fund, worth up to GBP 240 million, will fund the development and deployment of new low carbon hydrogen production to de-risk investment and reduce lifetime costs. Both strands are designed to support multiple low carbon hydrogen production technologies that meet the eligibility criteria.Strand 1 will provide development expenditure for front end engineering design and post-FEED activities, aiming to build the pipeline of hydrogen production projects to measurably move these closer to deployment.Strand 2 will provide capital expenditure support for hydrogen production projects that do not require revenue support through the Hydrogen Business Model. Applicants for strand 2 must demonstrate how they will develop a credible project that will contribute to the at-scale production of low-carbon hydrogen by 2025.UKRI Innovate UK will deliver the Net Zero Hydrogen Fund on behalf of BEIS.
