UK Government sets aside £240m to aid in scaling the domestic hydrogen industry and investment opportunities

On the back of the UK Government’s aim to raise low-carbon hydrogen production from 5GW to 10GW by 2030, the strategy is set to be supported with £375m ($490m) funding.

Unveiled today (April 8), £240m ($313m) of this funding will be utilised in order to support the production of hydrogen as a means to decarbonise the industrial sector.

In doing so, the Net Zero Hydrogen Fund will target having 2GW of low-carbon hydrogen production established by 2025.

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