UK industrial strategy boosts investor signals, but hydrogen roadmap unclear
The UK has pledged to double clean energy investment to over £30bn annually by 2035, with hydrogen earmarked as a key export and industrial opportunity, though the new strategy stops short of laying out a deployment pathway or demand-side support.
The two principal funding vehicles will be the National Wealth Fund (NWF) (£27.8bn) and British Business Bank (£25.6bn), with £1bn also allocated to the clean energy supply chain fund under GB Energy.
The export market for UK manufacturers in CCUS-enabled and electrolytic hydrogen production equipment could range from £800m to £2.2bn by 2030, potentially increasing to between £5.8bn to £9.8bn by 2050, according to an accompanying clean energy industries sector plan document.
Through the NWF, clean hydrogen could secure a share of £5.8bn for investments into high-cost projects, alongside carbon capture, gigafactories, ports and green steel.
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