UK poised to award first green hydrogen subsidies following Labour budget

The UK is preparing to award GBP2.3 billion ($3 billion) in revenue support to 11 green hydrogen projects totaling 125 MW, after the finance ministry confirmed the funding in the new Labour government’s first budget on Oct. 30. The projects will provide hydrogen to at least 35 offtakers, a spokesperson for the Department of Energy Security and Net Zero (DESNZ)…The UK is preparing to award GBP2.3 billion ($3 billion) in revenue support to 11 green hydrogen projects totaling 125 MW, after the finance ministry confirmed the funding in the new Labour government’s first budget on Oct. 30. The projects will provide hydrogen to at least 35 offtakers, a spokesperson for the Department of Energy Security and Net Zero (DESNZ)…Read More