Johnson Matthey receives £400m finance from the UK Government to support hydrogen innovation

The UK Government is further backing research and innovation in hydrogen technologies with the UK Export Finance providing £400m ($523m) to Johnson Matthey to support hydrogen innovation.

The cash boost is recognised as the biggest single investment for a UK company researching hydrogen-based energy and re-usable technology of its kind.

This new financing is additionally a part of new plans to scale the hydrogen industry within the UK and will help achieve the newly released targets of 10GW of low-carbon hydrogen production by 2030.

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