Hydrogen: Investment
The question
To ask the Secretary of State for Energy Security and Net Zero, what assessment has he made of the potential impact of the delay in publishing the UK hydrogen strategy on a) investment into the UK Hydrogen market and b) companies transitioning from gas to hydrogen.
Answered by Michael Shanks
We understand the importance of providing clarity to businesses across the hydrogen sector, including investors and companies that may transition to hydrogen.
We plan to publish the Hydrogen Strategy, alongside a package of other policy documents, as soon as possible. This will set out Government’s vision and objectives for hydrogen, and how we intend to work with industry to continue to transform ambition into action.
In the meantime, we remain focused on delivery and are supporting projects currently in the pipeline. Successful HAR1 projects are moving to final investment decision, construction and operation phases, and a proposed funding package of £86.5m has been agreed to support ITM’s electrolyser manufacturing expansion in Sheffield.
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