A report by Atkins has urged the government to act rapidly if it is to achieve net zero by 2050. Published on Monday 13 January, the company called for the government to prioritise consultation on alternative financing models for nuclear. Reviewing the electricity market and evaluating the impact of intermittent…
The UK-based waste-to-hydrogen technology company, Waste2Tricity (W2T), has procured a grant of £1.25mn from the PowerHouse Energy Group, for the development of a hydrogen production plant at Protos, near Ellesmere Port, in Cheshire. The firm said on Monday 6 January its development partner, W2T, secured the grant following a successful…
Published on Thursday 5 December, the Hydrogen Council and the European Investment Bank (EIB) signed a landmark agreement to collaborate on the development of innovative schemes to finance hydrogen projects and address climate change. Delivered through the InnovFin Advisory programme, EIB will provide strategic financial advice and support to companies…
Chemical giant Linde has bought a 20% stake in UK hydrogen company ITM Power, the latter announced on Thursday 3 October. Linde is investing £38mn and is part of the latter company’s plans to raise £52mn in capital. ITM Power said the two parties have also entered into a 50/50…
On Thursday 20 September a report was published by think tank Policy Exchange, which found that the hydrogen economy offers “big opportunities” for the UK to decarbonise. However, it also warned that the benefits would not be realised without coordinated leadership from government and industry focused on lowering the cost…
Energy and Clean Growth Minister Claire Perry has announced a £20mn fund to drive the development of a low cost, low carbon hydrogen economy for industry, buildings and transport. The fund, announced on Friday 11 May as part of the Clean Growth Strategy, aims to make “safe and low carbon”…
Cadent has announced a new green gas project to power local industry and heat homes in North West England. The £0.9bn 30 year HyNet project, announced on Friday 11 May, will begin with a planned hydrogen production facility in Cheshire. HyNet aims to cut carbon emissions by more than 1mn…