H2 Go: The UK’s new Hydrogen Strategy

Hogan Lovells
Contact

The UK published its long awaited Hydrogen Strategy in August 2021 alongside a wider package of policy documents on hydrogen, including a consultation on a hydrogen business model to stimulate private investment in new low carbon hydrogen projects, a consultation on the design of the £240 million Net Zero Hydrogen Fund (NZHF) confirmed out to 2025 to support new hydrogen production projects, and a consultation on a UK Low Carbon Hydrogen Standard that will define what is meant by low carbon hydrogen.

As a result of its geography, geology, infrastructure and capabilities, the UK is in a strong position to expand both its demand and supply of low carbon hydrogen. The Hydrogen Strategy identifies that as a global leader in commitment to decarbonisation (both in terms of policy commitments and confirmed emission reductions), the UK is in a good position to become a hydrogen pioneer on the global stage. The UK Government’s analysis suggests that by 2030, the UK hydrogen economy could be worth £900million and support over 9,000 jobs, and by 2050, under a high hydrogen scenario, the hydrogen economy could be worth up to £13 billion and support up to 100,000 jobs. The Hydrogen Strategy attempts to mobilise the cash required to achieve these goals.

Please see full Publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Hogan Lovells | Attorney Advertising

Written by:

Hogan Lovells
Contact
more
less

Hogan Lovells on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.