Hydrogen: Investment
The question
To ask the Secretary of State for Business and Trade, what steps he is taking to encourage (a) domestic and (b) international investment in green hydrogen.
Answered by Sarah Jones
The UK is well placed to support a thriving hydrogen economy, with a robust and growing pipeline of production projects in development in the coming decade, providing an opportunity for domestic and international investors. My department has been working closely with the Department for Energy Security & Net Zero to showcase the opportunities for investment in the UK hydrogen sector.
We recently announced 27 shortlisted green hydrogen projects across the UK for the second Hydrogen Allocation Round (HAR2), marking a key milestone and reaffirming the Government’s commitment to the sector. Our upcoming industrial strategy will provide support for global investors.
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