The British public can now invest in a hydrogen-ready network for the first time ever.
Such news was confirmed today (24th March) with the launch of a green transition bond which will help fund the upgrade of pipes to prepare the gas distribution network to transport hydrogen.
Gas distributor Northern Gas Networks (NGN) teamed up with Abundance, an ethical investment crowdfunding platform, to launch the bond.
The investment in Northern Gas Networks’ Finance Plc seeks to raise £1m ($1.3m) through a lower-risk, long term investment with returns of 1.6% a year over a 10-year term. As with all Abundance products, the minimum investment is just £5.
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