The energy and business secretary will meet with industry to accelerate private investment in hydrogen as a clean energy source. At the Hydrogen Investment Summit, Greg Hands, energy minister of the United Kingdom will announce the opening of joint allocation round for electrolytic or green hydrogen projects.
Under this funding round, the funding is available from both the Net Zero Hydrogen Fund, and the HBM (Hydrogen Business Model). The government of the United Kingdom has opened applications for the 240 million pounds Net Zero Hydrogen Fund, which published the Hydrogen Investor Roadmap, and will set out details for the Low Carbon Hydrogen Standard and Hydrogen Business.
Kwasi Kwarteng, business and energy secretary of the United Kingdom, said the hydrogen industry of the United Kingdom is open for business, along with the right investment, they can unlock the enormous potential of hydrogen by re-industrialising their economy and ending their dependency on expensive fossil fuels.
He said the new funding represents an important step forward in realizing this potential, and he is looking forward to work with Jane Toogood as their new Hydrogen Champion, and also ensuring industry and government are aligned to accelerate hydrogen production as a clean, and home grown energy source boosting their energy security and creating new jobs.
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