Hydrogen: Private Sector
The question
To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the potential impact of the time taken for hydrogen policy decisions on levels of private sector investment in UK hydrogen projects being redirected to international competitors.
Answered by Michael Shanks
We have established a world leading funding, policy and regulatory environment for investment into the hydrogen sector. Through funding for policies like the Hydrogen Production Business Model (HPBM), the government continues to support the rollout of hydrogen production to meet demand across sectors requiring hydrogen to decarbonise.
We plan to publish a renewed Hydrogen Strategy, alongside a package of other policy documents, as soon as possible this year. We are actively exploring all options for how we can provide the clarity that industry needs to make progress on delivering hydrogen projects in the UK.
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