Three green hydrogen projects, totalling 31.8MW of capacity, have officially signed funding agreements for UK Government revenue support.
The funding comes through the UK’s Hydrogen Allocation Round 1 (HAR1) initiative, which provides revenue support via the Contract for Difference (CfD) mechanism, ensuring price stability and incentivising low-carbon hydrogen production.
11 projects were selected for HAR1 in total – representing £2bn ($2.5bn) in revenue support – with the remaining eight expected to receive contracts in “early 2025.”
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