Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking through the Hydrogen Business Model to help (a) increase the use of hydrogen in heavy transport, (b) incentivise fleets to decarbonise and (c) build the UK's hydrogen economy.
The hydrogen business model will be critical to building the UK’s hydrogen economy by unlocking private investment through a subsidy to close the gap between the cost of producing hydrogen and the price it can be sold for. We have confirmed our intention to proceed with a contractual producer-focused business model, applicable to a range of hydrogen production pathways and able to facilitate hydrogen use in a broad range of sectors. We are designing the hydrogen business model to be compatible with other existing support schemes such as the Renewable Transport Fuel Obligation.