Department for Business, Energy and Industrial Strategy written question – answered on 8 December 2021.

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Photo of Alex Cunningham Alex Cunningham Shadow Minister (Justice)

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.

Photo of Greg Hands Greg Hands The Minister of State, Department for Business, Energy and Industrial Strategy

Alongside its world-leading Hydrogen Strategy, 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.

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