UK's LCCC Signs First Hydrogen Production Contract Amid Growing Interest
Key Ideas
  • The UK's Low Carbon Contracts Company (LCCC) has signed the first of three hydrogen production contracts.
  • Interest in hydrogen, particularly in the form of HAR2, is high in the UK hydrogen market.
  • UK Chancellor Rachel Reeves has confirmed £2 billion funding for 11 green hydrogen projects.
  • Quantum Commodity Intelligence offers a premium subscription service providing market insights on oil, biofuels, carbon, and ammonia.
The UK's Low Carbon Contracts Company (LCCC) has made a significant move by signing the first of three hydrogen production contracts. This announcement comes amidst a growing interest in hydrogen within the UK market. Notably, the interest in HAR2, a specific form of hydrogen, has been reported to be at a high level. In a positive development for the hydrogen sector, UK Chancellor Rachel Reeves has confirmed substantial funding of £2 billion for 11 green hydrogen projects. Additionally, the Quantum Commodity Intelligence service offers a premium paid subscription providing professionals in various energy markets, including ammonia, with daily price assessments, market news, and fundamental trade data. The service aims to cater to the needs of professionals seeking in-depth market insights on renewable energy and related commodities.
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