Take Your Trading To The Next Level. Get Started Here!

First UK green hydrogen funding round awards just half of 250 MW capacity

December 16, 2023 Comments Off

The UK government has awarded funding to 11 successful electrolytic hydrogen projects under its first hydrogen allocation round (HAR1), totaling 125 MW, just half of the total capacity submitted. The 11 successful projects were awarded at a weighted average strike price of GBP241/MWh (around GBP8.03/kg, $10.23/kg, using a lower heating value), backed by more than GBP2 billion of revenue support…