Fuel Cells and Hydrogen: Exports
The question
To ask the Secretary of State for Business and Trade, what steps he is taking to help ensure that the value of hydrogen and fuel cell exports reaches the target set out in the Industrial Strategy.
Answered by Chris McDonald
The Industrial Strategy Clean Energy Industries sector plan notes the export market for UK manufacturers across hydrogen technologies could range between £800 million and £2.2 billion to 2030. The government has committed targeted support to boost exports of hydrogen technologies by showcasing UK capabilities through our global network and increasing access to international supply chains.
To support these opportunities, the UK's export credit agency, UK Export Finance aims to deliver £10bn in clean growth financing by 2029, alongside options to support overseas sales, including loan guarantees for foreign buyers, and working capital, insurance and bond support products to assist UK suppliers.
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