Fuel Cells and Hydrogen: Manufacturing Industries
The question
To ask the Secretary of State for Energy Security and Net Zero, what steps he is taking to support hydrogen and fuel cell technology manufacturers to invest in (a) new manufacturing facilities and (b) research and development.
Answered by Michael Shanks
The Government announced a public finance offer for clean energy industries to crowd private investment into sustainable UK supply chains. This includes: a £1 billion Clean Energy supply chain fund; £5.8 billion for the National Wealth Fund to invest across this Parliament in clean industries including low-carbon hydrogen; and a £4 billion British Business Bank Industrial Strategy Growth Capital scale up and start up financing package.
DESNZ has allocated around £170 million from the £1 billion Net Zero Innovation Portfolio to hydrogen research & development, including £60 million for Low Carbon Hydrogen Supply 2 and £31million for H2BECCS, advancing production, storage, transport, and negative-emission technologies.
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