Scotland's Green Hydrogen Initiative: Funding for Development Projects
Key Ideas
- The scheme supports green hydrogen projects with a production capacity between 5 to 400 megawatts, aiming to heat at least 200 to over 16,000 homes.
- Organizations have until 27 September 2024 to apply for a maximum of £2 million match-funding from the scheme, co-developed with Scottish Enterprise.
- Additional funding from the Scottish Government's Hydrogen Innovation Scheme has already supported 31 projects across the country since 2023, with a focus on the hydrogen supply chain and storage solutions.
- Acting minister for climate action highlights Scotland's potential to lead in renewable energy and green hydrogen development, emphasizing economic growth and commitment to the hydrogen sector as part of the Green Industrial Strategy.
A new initiative in Scotland aims to support the development of green hydrogen projects by offering funding for projects with a production capacity between 5 to 400 megawatts. This initiative, developed in collaboration with Scottish Enterprise, provides organizations the opportunity to apply for match-funding up to £2 million until September 27, 2024. The scheme complements the existing support from the Scottish Government's Hydrogen Innovation Scheme, which has backed 31 projects across the country since 2023. The funding also extends to activities supporting the hydrogen supply chain and storage solutions, crucial for scaling up the industry in response to market demand. Acting minister for climate action, Alasdair Allan, emphasizes Scotland's potential to lead in renewable energy and green hydrogen, highlighting the significance of renewable energy generation in the green hydrogen process. This initiative underscores Scotland's commitment to economic growth through the development of green hydrogen projects, with a strategic focus on leveraging opportunities for domestic use, export, and powering clean energy-intensive industries.