The UK’s green hydrogen economy remains at a ‘critical juncture’ and the next allocation of rounds will be essential for establishing the first wave of large-scale projects, according to RenewableUK.
Laurie Heyworth, RenewableUK’s Senior Policy Analyst for Emerging Technologies, said the 2020s are the crucial formative years for the UK’s green hydrogen economy, and the upcoming rounds will be key to attracting private investment and building up UK-based supply chains.
He said, “We are at a critical juncture, as some elements of the current Hydrogen Production Business Model are not fit for purpose. For example, the Government’s proposal to move to competitive CfD-style auctions by 2025 should be shelved until there are enough operational projects to act as a lynchpin for supply chain companies and market entrants at scale.”
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