Carbon Emissions and Hydrogen: Finance

Department for Energy Security and Net Zero written question – answered at on 24 February 2023.

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Photo of Richard Thomson Richard Thomson Shadow SNP Spokesperson (Wales), Shadow SNP Spokesperson (Northern Ireland), Shadow SNP Spokesperson (Trade)

To ask the Secretary of State for Energy Security and Net Zero, when he plans to announce the outcome of the Hydrogen Business Model and Net Zero Hydrogen Fund: Electrolytic Allocation Round 2022.

Photo of Graham Stuart Graham Stuart Minister of State (Department for Energy Security and Net Zero)

The first electrolytic hydrogen allocation round will offer support from the Net Zero Hydrogen Fund (capital funding) and the Hydrogen Production Business Model (revenue support). Applications closed in October 2022 and the Government hopes to announce a project shortlist in Q1 this year. Following due diligence and negotiations, the Government will award contracts to successful projects later this year.

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