Hydrogen: Finance

(asked on 22nd September 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the Lloyd’s Register Decarbonisation Hub’s Zero Carbon Fuel Monitor, whether he has made an assessment of the potential merits of providing additional funding for electrolysers to help increase production of renewable and zero carbon hydrogen.


Answered by
Graham Stuart Portrait
Graham Stuart
This question was answered on 17th October 2022

The Register and Fuel Monitor are valuable tools in supporting decarbonisation of the UK’s maritime industry, for which hydrogen is a potential solution. The Government has committed to at least half of its 10GW hydrogen production capacity by 2030 ambition coming from electrolytic hydrogen and has included in the Growth Plan its intention to accelerate hydrogen electrolyser capacity deployment. Further details on the Government’s plans to accelerate UK infrastructure projects will be set out in due course.

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