Home | LATEST NEWS | £20 million government investment will power the UK’s hydrogen economy
£20 million government investment will power the UK's hydrogen economy
£20 million government investment will power the UK's hydrogen economy

£20 million government investment will power the UK’s hydrogen economy

The government’s Energy and Clean Growth Minister has committed £20 million in funding to boost the use of hydrogen technology in the UK.

Claire Perry announced the funding at a visit to Swindon’s Hydrogen Hub and Recycling Technologies, which will benefit those businesses who want to embrace the potential for a hydrogen economy in the UK.

The aim of the funding is to use technology to create hydrogen solutions that are cheaper to produce and transport.

Currently, this process is costly, meaning that its use as a low carbon alternative for energy in buildings, industry and the transport sector is much lower than it could be, and Ms Perry wants this to change.

Speaking at the announcement of this funding, she said the funding will help businesses gain wider access to hydrogen.

“Clean, green and safe, hydrogen has an exciting role to play powering the UK but needs to be cheaper and more widely available to live up to its potential.

“Today’s £20 million funding boost, part of our modern Industrial Strategy, will help to address these challenges so that we can sustain the exciting momentum building in our low carbon hydrogen economy, creating high value jobs up and down the country.

“Clean growth is at the heart of our modern Industrial Strategy and creates huge opportunities for the UK, securing our place as global leaders in this field.”

The £20 million funding to boost the hydrogen economy is just the latest in a long line of different technologies that are benefiting from the government’s Clean Growth Strategy, which is already powering wind turbines throughout the UK.

The government believe the latest investment has the potential to completely revolutionise the automotive industry, and follows on from funding announced in the last few months that will help to support vehicles with hydrogen fuel cells.

Thanks to the investment, research will be conducted to reduce the cost of producing high volumes of low carbon hydrogen, making the technology a competitive, clean energy supply of the future.

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