© Martin Suker / Shutterstock.com
© Martin Suker / Shutterstock.com

£500m dedicated to green hydrogen under Labour Party manifesto

The Labour Party manifesto will dedicate £500m ($638m) to support the development of the green hydrogen sector in the UK.

Speaking in Greater Manchester today, Sir Keir Starmer expanded on the Labour Party’s pledges to invest in renewable energy across the UK, including its planned publicly-owned Great British Energy (GBE) firm.

Read more:‘Clean power is the best opportunity we’ve had in a generation,’ says Labour leader

£500m will be dedicated to support the UK’s hydrogen-based companies, such as ITM Power. In addition, the manifesto has stated there will be investments in carbon capture and storage, hydrogen and marine energy to ensure the country has long-term energy storage to meet demands.

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