29 May 2024 | 04:05 UTC — Insight Blog
First UK electrolytic hydrogen allocation round contracts to be signed soon: LCCC
Energy transition highlights: Our editors and analysts bring you the biggest stories from the industry this week, from renewables to storage to carbon prices.
The first contracts under the UK’s electrolytic hydrogen production support scheme will be signed "soon," the company issuing the contracts told S&P Global Commodity Insights.
The UK government awarded funding to 11 successful electrolytic hydrogen projects in December under its first hydrogen allocation round (HAR1), totaling 125 MW, just half of the total capacity submitted.
Dan Hulbert, lead contract manager for hydrogen at the Low Carbon Contracts Company -- the counterparty for the hydrogen production support contracts -- said companies were getting close to finalizing agreements.
"I'm hopeful that we will see something soon," Hulbert told Commodity Insights in an interview May 23. "It's getting close, but it's outside of our control as we do not manage the allocation process. I'm hopeful that it will be happening in the near future."
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