The Government is committed to the development of hydrogen as a strategic decarbonised energy carrier. We are currently developing our strategic approach to hydrogen and its potential to deliver against our net zero goals.
We are investing up to £121m (between 2015 and 2021) in hydrogen innovation across the value chain. We are developing new policy, in partnership with industry, to bring forward the technologies and supply chain we will need to grow the UK hydrogen economy. This includes business models to support the deployment of, and investment in, low carbon hydrogen production, and a £100m Low Carbon Hydrogen Production Fund to stimulate capital investment.
We are closely monitoring international hydrogen developments and participate in a range of international fora, including the International Partnership for Hydrogen for Fuel Cells in the Economy, Mission Innovation and Clean Energy Ministerial where we engage with partners including the EU. This is informing our own strategic approach to the development of hydrogen in the UK context, including the role of Government in ensuring that the UK can harness opportunities for partnership and economic benefit.